Licensee liability

A licensee's responsibility to any person who purchases a payment instrument or money transmission transaction from a licensee or a licensee's authorized agent is limited to the face amount of the payment instrument or money transmission transaction purchased. Added by 2023 Tenn. Acts, ch. 115, s 1, eff. 1/1/2024. A licensee's responsibility to any person who purchases a payment instrument or money transmission transaction from a licensee or a licensee's authorized agent is limited to the face amount of the payment instrument or money transmission transaction purchased. Added by 2023 Tenn. Acts, ch. 115, s 1, eff. 1/1/2024.