<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 51A-17-93 - Licensee's duty to forward money received for transmission--Failure to forward.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s64407f40a4144cf5ba4173c0b7325655Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s64407f40a4144cf5ba4173c0b7325655SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s64407f40a4144cf5ba4173c0b7325655CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s64407f40a4144cf5ba4173c0b7325655StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s64407f40a4144cf5ba4173c0b7325655DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s64407f40a4144cf5ba4173c0b7325655000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s64407f40a4144cf5ba4173c0b7325655NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s64407f40a4144cf5ba4173c0b7325655DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s64407f40a4144cf5ba4173c0b7325655SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 51A-17-93 - Licensee's duty to forward money received for transmission--Failure to forward."><meta property="og:description" content="SDLRC Codified Law 51A-17-93 - Licensee's duty to forward money received for transmission--Failure to forward."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/51A-17-93"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s64407f40a4144cf5ba4173c0b7325655Normal"><a href="https://sdlegislature.gov/Statutes?Statute=51A-17-93" rel="noopener"><span class="s64407f40a4144cf5ba4173c0b7325655SENU">51A-17-93</span></a><span xml:space="preserve" class="s64407f40a4144cf5ba4173c0b7325655SENU">. </span><span class="s64407f40a4144cf5ba4173c0b7325655CL">Licensee's duty to forward money received for transmission--Failure to forward.</span></p><p dir="ltr" class="s64407f40a4144cf5ba4173c0b7325655StatuteNumber1"><span class="s64407f40a4144cf5ba4173c0b7325655DefaultParagraphFont">(1)    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, rule, or regulation has occurred, is occurring, or may occur.</span></p><p dir="ltr" class="s64407f40a4144cf5ba4173c0b7325655StatuteNumber1"><span class="s64407f40a4144cf5ba4173c0b7325655DefaultParagraphFont">(2)    If a licensee fails to forward money received for transmission in accordance with this section, the licensee must respond to inquiries by the sender with the reason for the failure unless providing a response would violate a state or federal law, rule, or regulation.</span></p><p dir="ltr" class="s64407f40a4144cf5ba4173c0b7325655Normal"><span xml:space="preserve" class="s64407f40a4144cf5ba4173c0b7325655000000"> </span></p><p dir="ltr" class="s64407f40a4144cf5ba4173c0b7325655NoIndent"><span xml:space="preserve" class="s64407f40a4144cf5ba4173c0b7325655DefaultParagraphFont-000001">Source: </span><span class="s64407f40a4144cf5ba4173c0b7325655SCL">SL 2024, ch 196, § 42.</span></p></div></body></html>