Upon the request, a remittance transfer provider must promptly provide to the sender a sender’s notice describing the error resolution and cancellation rights, using language set forth sender’s in Model Form A-36 of Appendix A to this part or substantially similar language. For any remittance transfer scheduled by the sender at least three business days before the date of the transfer, the description of the rights of the sender regarding cancellation must instead reflect the requirements of § 1005.36(c). (C) SUMMARY SUMMARY Requirements Descriptions Grouping -In close proximity to one another and a sender can reasonably calculate the total amount of the transaction and the amount that will be received by the designated recipient -does not apply to mobile or text—but they could be sent sequentially Proximity -Generally must be disclosed in close proximity to the other information required -does not apply to mobile or text Prominence and Size -Written disclosures required by this subpart must be provided on the front of the page on which the disclosure is printed. Disclosures required by this subpart that are provided in writing or electronically must be in a minimum eight-point font, except for disclosures provided via mobile application or text message Segregation -Disclosures required by this subpart that are provided in writing or electronically must be segregated from everything else and must contain only information that is directly related to the disclosures required under this subpart Directly related includes i. The date and time of the transaction;
Upon the sender’s request, a remittance transfer provider must promptly provide to the sender a notice describing the sender’s error resolution and cancellation rights, using language set forth in Model Form A-36 of Appendix A to this part or substantially similar language. For any remittance transfer scheduled by the sender at least three business days before the date of the transfer, the description of the rights of the sender regarding cancellation must instead reflect the requirements of § 1005.36(c). SUMMARY Requirements Descriptions Grouping -In close proximity to one another and a sender can reasonably calculate the total amount of the transaction and the amount that will be received by the designated recipient -does not apply to mobile or text—but they could be sent sequentially Proximity -Generally must be disclosed in close proximity to the other information required -does not apply to mobile or text Prominence and Size -Written disclosures required by this subpart must be provided on the front of the page on which the disclosure is printed. Disclosures required by this subpart that are provided in writing or electronically must be in a minimum eight-point font, except for disclosures provided via mobile application or text message Segregation -Disclosures required by this subpart that are provided in writing or electronically must be segregated from everything else and must contain only information that is directly related to the disclosures required under this subpart Directly related includes i. The date and time of the transaction; (C) SUMMARY
Foreign_Remittances_Aug_2013.docx