Tex. Finance Code § 152.304
DISCLOSURES FOR PAYROLL PROCESSING SERVICES
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 152.304, DISCLOSURES FOR PAYROLL PROCESSING SERVICES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646171
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Full text
(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).