(a) A 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.(b) If a licensee fails to forward money received for transmission in accordance with this section, the licensee must 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.Amended by 2023 Tenn. Acts, ch. 115, s 1, eff. 1/1/2024.Acts 2013, ch. 103, § 4; T.C.A., § 45-7-229.
Tennessee Legal Code