Tex. Fin. Code § 152.304 · Subchapter G. GENERAL DUTIES AND RESTRICTIONS FOR MONEY TRANSMISSION LICENSEE
DISCLOSURES FOR PAYROLL PROCESSING SERVICES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A money transmission licensee that provides payroll processing services shall:
(1) issue reports to clients detailing client payroll obligations in advance of the payroll funds being deducted from an account; and
(2) make available worker pay stubs or an equivalent statement to workers.
(b) Subsection (a) does not apply to a money transmission licensee providing payroll processing services where the licensee's client designates the intended recipients to the licensee and is responsible for providing the disclosures required by Subsection (a)(2).
Notes and commentary — not statutory text
History
Added by Acts 2023, 88th Leg., R.S., Ch. 277 (S.B. 895), Sec. 1.01, eff. September 1, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.152.htm
- Text hash
- sha256 47e4958418fa73ad99936aeb5b7dbd495a0ef2d9402fcd8db8e921fb9c3f2ed0
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.