§6114. Maintenance of records
1.
Schedule.
Each licensee shall make, keep and preserve the following books, accounts and other records for a period of 3 years:
A.
A record or records of each payment instrument sold;
[PL 1997, c. 155, Pt. A, §2 (NEW).]
B.
A general ledger posted at least monthly containing all assets, liability, capital, income and expense accounts;
[PL 1997, c. 155, Pt. A, §2 (NEW).]
C.
Settlement sheets received from authorized delegates;
[PL 1997, c. 155, Pt. A, §2 (NEW).]
D.
Bank statements and bank reconciliation records;
[PL 1997, c. 155, Pt. A, §2 (NEW).]
E.
Records of outstanding payment instruments;
[PL 1997, c. 155, Pt. A, §2 (NEW).]
F.
Records of each payment instrument paid within the 3-year period; and
[PL 1997, c. 155, Pt. A, §2 (NEW).]
G.
A list of the names and addresses of all of the licensee's authorized delegates.
[PL 1997, c. 155, Pt. A, §2 (NEW).]
[PL 1997, c. 155, Pt. A, §2 (NEW).]
2.
Electronic form.
Maintenance of the documents as required by this section in a photographic, electronic or other similar form constitutes compliance with this section.
[PL 1997, c. 155, Pt. A, §2 (NEW).]
3.
Location.
With the approval of the administrator, records may be maintained at a location outside this State so long as they are made accessible to the administrator on 7 days' written notice.
[PL 1997, c. 155, Pt. A, §2 (NEW).]
SECTION HISTORY
PL 1997, c. 155, §A2 (NEW).