Section 9-581 - [Effective 1/1/2025] [Timely transmission](a) Every licensee shall forward all moneys received for transmission in accordance with the terms of the agreement between the licensee and the sender unless the licensee reasonably believes or has a reasonable basis to believe that the sender may be a victim of fraud or that a crime or violation of law or any rules and regulations has occurred, is occurring or may occur.(b) If a licensee fails to forward money received for transmission in accordance with this section, the licensee shall respond to inquiries by the sender with the reason for the failure unless providing a response would violate a state or federal law or rules and regulations.(c) This section shall take effect on and after January 1, 2025.Added by L. 2024, ch. 64,§ 27, eff. 7/1/2024.