152.304 – DISCLOSURES FOR PAYROLL PROCESSING SERVICES. (a)
Texas Finance Code § 152.304
Summary
This law requires money transmission licensees offering payroll processing services to provide clients with detailed payroll obligation reports and to supply workers with pay stubs or equivalent statements. It ensures transparency in payroll transactions for both clients and employees.
Licensees must report payroll obligations before fund deductions.
Workers must receive pay stubs or equivalent statements.
Exemptions apply if clients designate otherwise.
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In simple terms: Learn about Texas's DISCLOSURES FOR PAYROLL PROCESSING SERVICES. (a) law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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