(205 ILCS 658/9-3)
Sec. 9-3. Receipts. (a) As used in 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 shall be provided in a retainable form. (b) This Section does not apply to: (1) Money received for transmission subject to the |
| federal Remittance Rule, 12 CFR Part 1005, Subpart B, as amended or recodified from time to time;
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(2) money received for transmission pursuant to a
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| written agreement between the licensee and payee to process payments for goods or services provided by the payee;
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(3) payroll processing services; or
(4) as authorized in the Secretary's sole discretion.
(c) Every licensee or its authorized delegate shall provide the sender a receipt for money received for transmission.
(1) The receipt shall contain the following
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| information, as applicable:
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(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
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(E) the name of the licensee, NMLS Unique ID, the
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| licensee's business address, and the licensee's customer service telephone number;
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(F) the amount of the transaction in United
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(G) any fee charged by the licensee to the sender
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(H) any taxes collected by the licensee from the
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| sender for the transaction.
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(2) The receipt required by this Section shall be in
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| 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.
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(Source: P.A. 103-991, eff. 8-9-24.)
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