New Jersey Statutes
§ 17:15C-20 — Limitation of licensee's responsibility.
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
20.A licensee's responsibility to any person for a money transmission conducted on that person's behalf by the licensee or the licensee's authorized delegate shall be limited to the amount of money transmitted or the face amount of the payment instrument purchased and any fee, commission or other benefit paid to the licensee or the licensee's authorized delegate for that service. L.1998,c.14,s.20.
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Nearby Sections
15
§ 17:15C-1
Short title.§ 17:15C-10
Keeping of records required.§ 17:15C-11
Investigation, examination of license.§ 17:15C-12
Annual reports; violations, penalties.§ 17:15C-15
Confidentiality of information, reports.§ 17:15C-16
Suspension, revocation of license.§ 17:15C-17
Authorization of delegates.§ 17:15C-18
Regulations pertinent to delegates.§ 17:15C-20
Limitation of licensee's responsibility.§ 17:15C-21
Applicability of APA.§ 17:15C-22
Violations, penalties.