Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 278.052: CANCELLATION AND REFUND OF TRANSACTION.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE Z. MISCELLANEOUS PROVISIONS RELATING TO FINANCIAL INSTITUTIONS AND BUSINESSES
CHAPTER 278. REGULATION OF CURRENCY TRANSMISSIONS
SUBCHAPTER B. CURRENCY TRANSMISSION DISCLOSURES

(a) Except as provided by Subsection (c), on receiving the transaction receipt required under Section 278.051, a customer may cancel the currency transaction:

(1) before leaving the premises of the currency transmission business; and

(2) not later than 30 minutes after the time at which the currency transmission was initiated.

(b) If the customer cancels the transaction, the currency transmission business shall immediately refund to the customer the fees paid and currency to be transmitted.

(c) A customer may not cancel a transaction after the recipient of the currency transmission has received the currency or its equivalent.

Added by Acts 2003, 78th Leg., ch. 1001, Sec. 7, eff. Sept. 1, 2003.

Collected 2026-08-27T01:47:13Z. Source file · JSON

Browse this collection