The Arizona Revised Statutes have been updated to include the revised sections from the 57th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 57th Legislature, 2nd Regular Session, which convenes in January 2026.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
6-1235 - Money transmission; transmission of money by wire or electronic transfer; consumer fraud warnings; requirements; applicability
6-1235. Money transmission; transmission of money by wire or electronic transfer; consumer fraud warnings; requirements; applicability
A. A licensee that engages in the business of receiving money for transmission on behalf of consumers for personal, family or household purposes shall provide consumer fraud warnings in accordance with subsection B of this section that include all of the following:
1. The risks of consumer fraud and how to find additional information about consumer fraud regarding money transmission.
2. Information about the dangers of transmitting money to unknown persons or to persons whom the sender cannot verify.
3. Information about how to stop a money transmission, if that option is available.
4. Information warning the sender that monies may not be returned once the money transmission is complete.
B. The licensee shall provide the information as prescribed in subsection A of this section to a consumer before transmitting any money by either of the following methods:
1. In person, in a document or other materials provided directly to the consumer or displayed prominently in the location in which the licensee or an authorized delegate of the licensee engages in receiving money for transmission. The written warning shall be in a type that contrasts with the background against which the written warning appears.
2. Through electronic transmission. The written warning shall be in a type that contrasts with the background against which the written warning appears.
C. This section does not apply to either of the following:
1. An electronic funds transfer where the monies are not transferred directly to another person and are not available for immediate use.
2. An electronic funds transfer that is made with a gift certificate.
3. A licensee that can demonstrate they provide or require their authorized delegate to provide annual fraud prevention training to employees that covers the indicia of fraud associated with electronic money transfers.