Section 45-7-131 - Receipts(a) This section does not apply to: (1) Money received for transmission subject to the Remittance Transfer Rule ( 12 CFR Part 1005 , Subpart B);(2) Money received for transmission that is not primarily for personal, family, or household purposes;(3) 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(4) Payroll processing services.(b) For purposes of this section, "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 must be provided in a retainable form.(c)(1) A licensee or its authorized delegate shall provide the sender a receipt for money received for transmission.(2) The receipt must contain the following information, as applicable: (A) The name of the sender;(B) The name of the designated recipient;(C) The date of the transaction;(D) The unique transaction or identification number;(E) The name of the licensee, NMLS Unique ID, the licensee's business address, and the licensee's customer service telephone number;(F) The amount of the transaction in United States dollars;(G) Any fee charged by the licensee to the sender for the transaction; and(H) Any taxes collected by the licensee from the sender for the transaction.(3) The receipt required by this section must be in English and in the language principally used by the licensee or authorized delegate to advertise, solicit, or negotiate, either orally or in writing, for a transaction conducted in person, electronically, or by phone, if other than English.Added by 2023 Tenn. Acts, ch. 115, s 1, eff. 1/1/2024.