Indiana § 28-8-4.1-903 Receipts for money received for transmission; form; required
information

Indiana Statutes

§ 28-8-4.1-903 — Receipts for money received for transmission; form; required information

Indiana § 28-8-4.1-903

Art. 8FINANCIAL SERVICES

Ch. 4.1Money Transmission Modernization Act

This text of Indiana § 28-8-4.1-903 (Receipts for money received for transmission; form; required information) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-8-4.1-903 (2026).

Text

(a)This section does not apply to the following:

(1)Money received for transmission that is subject to the federal Remittance Rule (12 CFR Part 1005, Subpart B).

(2)Money received for transmission that is not primarily for personal, family, or household purposes.

(3)Money received for transmission pursuant to a written agreement between the licensee and payee to process payments for goods or services provided by the payee.

(b)As used in this section, "receipt", with respect to a transaction, means:

(1)a paper receipt;

(2)an electronic record; or

(3)another written confirmation.

(c)A licensee or the licensee's authorized delegate shall provide a sender a receipt for money received for transmission. For a transaction conducted in person, a receipt may be provided electronically if t

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(a) This section does not apply to the
following:
(1) Money received for transmission that is subject to the federal
Remittance Rule (12 CFR Part 1005, Subpart B).
(2) Money received for transmission that is not primarily for
personal, family, or household purposes.
(3) Money received for transmission pursuant to a written
agreement between the licensee and payee to process payments
for goods or services provided by the payee.
(b) As used in this section, "receipt", with respect to a transaction,
means:
(1) a paper receipt;
(2) an electronic record; or
(3) another written confirmation.
(c) A licensee or the licensee's authorized delegate shall provide a
sender a receipt for money received for transmission. For a transaction
conducted in person, a receipt may be provided electronically if the
sender requests or agrees to receive an electronic receipt. For a
transaction conducted electronically or by telephone, a receipt may be
provided electronically. All electronic receipts shall be provided in a
retainable form.
(d) The receipt required by this section must contain the following
information, as applicable:
(1) The name of the sender.
(2) The name of the designated recipient.
(3) The date of the transaction.
(4) The unique transaction or identification number.
(5) The name of the licensee, the licensee's NMLS unique
identification number, the licensee's business address, and the
licensee's customer service telephone number.
(6) The amount of the transaction in United States dollars.
(7) Any fee charged by the licensee to the sender for the
transaction.
(8) Any taxes collected by the licensee from the sender for the
transaction.
(e) The receipt required by this section must be in:
(1) English; and
(2) the language principally used by the licensee or authorized
delegate to advertise, solicit, or negotiate, either orally or in
writing, for a transaction conducted in person, electronically, or
by phone, if other than English.