Colorado § 11-110-903 - Receipts - definition.
Full text of Colorado Colorado Revised Statutes § 11-110-903 — Receipts - definition., with citation guidance and answers to common questions.
§ 11-110-903. Receipts - definition.
(1) This section does not apply to:
(a) Money received for transmission subject to the federal remittance rule, 12 CFR 1005, subpart B;
(b) Money received for transmission that is not primarily for personal, family, or household purposes;
(c) Money received for transmission pursuant to a written agreement between the licensee and payee to process payments for goods or services provided by the payee; or
(d) Payroll processing services.
(2) As used in this section, "receipt" means a paper receipt, electronic record, or other written confirmation. For a transaction conducted in person, the receipt may be provided electronically if the sender requests or agrees to receive an electronic receipt. For a transaction conducted electronically or by phone, a receipt may be provided electronically. All electronic receipts shall be provided in a retainable form.
(3) (a) Every licensee or every licensee's authorized delegate shall provide the sender a receipt for money received for transmission.
(b) The receipt must contain the following information, as applicable:
(I) The name of the sender;
(II) The name of the designated recipient;
(III) The date of the transaction;
(IV) The unique transaction or identification number;
(V) The name of the licensee, the NMLS unique identifier, the licensee's business address, and the licensee's customer service telephone number;
(VI) The amount of the transaction in United States dollars;
(VII) The fee charged by the licensee to the sender for the transaction, if any; and
(VIII) Taxes collected by the licensee from the sender for the transaction, if any.
(c) The receipt required by this section must be in English and in the language principally used by the licensee or authorized delegate, if other than English, to advertise, solicit, or negotiate, either orally or in writing, for a transaction conducted in person, electronically, or by phone.
Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 403, § 1, effective August 6.
Frequently Asked Questions About Colorado § 11-110-903
What does Colorado Revised Statutes § 11-110-903 cover?
Section 11-110-903 ("Receipts - definition.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 11-110-903?
A common citation format is "Colorado Revised Statutes § 11-110-903" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 11-110-903 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.