Va. Code § 6.2-1945
(Effective July 1, 2026) Timely transmission
Virginia · Code of Virginia Title 6.2 — Financial Institutions and Services · Status: effective
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- Va. Code § 6.2-1945, (Effective July 1, 2026) Timely transmission, Virginia, version 1 as recorded 2026-09-27, yourstate.us, https://yourstate.us/provision/1397489
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A. Every licensee shall forward all money received for transmission in accordance with the terms of the agreement between the licensee and the sender unless the licensee has a reasonable belief or a reasonable basis to believe that the sender may be a victim of fraud or that a crime or violation of law or regulation 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 regulation.