Md. Code Regs. 09.03.14.14

Current through Register Vol. 51, No. 12, June 14, 2024

Section 09.03.14.14 - Timely Transmission

A. 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.

B. If a licensee fails to forward money received for transmission in accordance with this regulation, 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.

Regulation .14 adopted effective 50:24 Md. R. 1041, eff. 12/11/2023