S.D. Codified Laws § 51A-17-NEW

Current through 2024 Legislative Session
Section 51A-17-NEW - [Newly enacted section not yet numbered] [Effective 7/1/2024]
(1) Section 45 does not apply to:
(a) Money received for transmission subject to the federal Remittance Rule, 12 C.F.R. Part 1005 Subpart B (January 1, 2024);
(b) Money received for transmission that is not primarily for personal, family, or household purposes;
(c) Money received for transmission pursuant to a written agreement between the licensee and payee to process payments for goods or services provided by the payee; or
(d) Payroll processing services.
(2) For purposes of this Act, the term "receipt" means a paper receipt, electronic record, or other written confirmation. For a transaction conducted in person, the receipt may be provided electronically if the sender requests or agrees to receive an electronic receipt. For a transaction conducted electronically or by phone, a receipt may be provided electronically. All electronic receipts shall be provided in a retainable form.

SDCL 51A-17-NEW

Added by S.L. 2024, ch. TBD,s. 44, eff. 7/1/2024.