Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS Chapter 361 • Effective - 28 Aug 2024 361.984. Timely transmission. — 1. Every licensee shall forward all money received for transmission in accordance with the terms of the agreement between the licensee and the sender unless the licensee has a reasonable belief or a reasonable basis to believe that the sender may be a victim of fraud or that a crime or violation of law, rule, or regulation has occurred, is occurring, or may occur. 2. If a licensee fails to forward money received for transmission in accordance with this section, the licensee shall respond to inquiries by the sender with the reason for the failure unless providing a response would violate a state or federal law, rule, or regulation. -------- (L. 2024 S.B. 1359)
Missouri Legal Code