Estimates.

CFR · 2024-01-01 · US · Title 12

(a) (i) A remittance transfer provider cannot determine the exact amounts for reasons beyond its control; (ii) A remittance transfer provider is an insured institution; and (iii) The remittance transfer is sent from the sender's account with the institution; provided however, for the purposes of this paragraph, a sender's account does not include a prepaid account, unless the prepaid account is a payroll card account or a government benefit account. (2) (3) (b) (A) The laws of the recipient country do not permit such a determination, or (B) The method by which transactions are made in the recipient country does not permit such determination. (ii) (2) (ii) Covered third-party fees described in § 1005.31(b)(1)(vi) may be estimated under paragraph (b)(2)(i) of this section only if the exchange rate is also estimated under paragraph (b)(2)(i) of this section and the estimated exchange rate affects the amount of such fees. (iii) Fees and taxes described in § 1005.31(b)(1)(ii) may be estimated under paragraph (b)(2)(i) of this section only if the amount that will be transferred in the currency in which it is funded is also estimated under paragraph (b)(2)(i) of this section, and the estimated amount affects the amount of such fees and taxes. (3) (4) (A) The remittance transfer provider is an insured institution as defined in paragraph (a)(3) of this section; (B) At the time the insured institution must provide, as applicable, the disclosure required by § 1005.31(b)(1) through (3) o

official document · source cfr-2024 · id 12:§ 1005.32