<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".16" citation="COMAR 09.03.14.16" title_num="09" subtitle_num="03" chapter_num="14" heading="Receipts.">
  <paragraph num="A.">
    <text>This regulation does not apply to:</text>
    <paragraph num="(1)">
      <text>Money received for transmission subject to the federal Remittance Rule (12 CFR Part 1005, Subpart B), as amended or recodified from time to time;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>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</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Payroll processing services.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>For purposes of this regulation “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.</text>
  </paragraph>
  <paragraph num="C.">
    <text>Contents of Receipt.</text>
    <paragraph num="(1)">
      <text>Every licensee or its authorized delegate shall provide the sender a receipt for money received for transmission.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>The receipt shall contain the following information, as applicable:</text>
      <paragraph num="(a)">
        <text>The name of the sender;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>The name of the designated recipient;</text>
      </paragraph>
      <paragraph num="(c)">
        <text>The date of the transaction;</text>
      </paragraph>
      <paragraph num="(d)">
        <text>The unique transaction or identification number;</text>
      </paragraph>
      <paragraph num="(e)">
        <text>The name of the licensee, NMLS Unique ID, the licensee’s business address, and the licensee’s customer service telephone number;</text>
      </paragraph>
      <paragraph num="(f)">
        <text>The amount of the transaction in United States dollars;</text>
      </paragraph>
      <paragraph num="(g)">
        <text>Any fee charged by the licensee to the sender for the transaction; and</text>
      </paragraph>
      <paragraph num="(h)">
        <text>Any taxes collected by the licensee from the sender for the transaction.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(3)">
      <text>The receipt required by this regulation shall 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.</text>
    </paragraph>
  </paragraph>
</regulation>