Indiana Code 28-8-4.1-901. Licensee’s duty to forward money received for transmission; exception
Current as of: 2024 | Check for updates
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Sec. 901. (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:
(2) a crime or violation of a law, rule, or regulation has occurred, is occurring, or may occur.
(1) the sender may be a victim of fraud; or
Terms Used In Indiana Code 28-8-4.1-901
- Fraud: Intentional deception resulting in injury to another.
(b) If a licensee fails to forward money received for transmission in accordance with this section, the licensee must respond to inquiries from the sender by providing the reason for the failure unless providing a response would violate a state or federal law, rule, or regulation.
As added by P.L.198-2023, SEC.4.