Records retention; open inspection by the commissioner

9-578. Records retention; open inspection by the commissioner. (a) Every licensee shall maintain the following records for at least three years: (1) A record of each outstanding money transmission obligation sold; (2) a general ledger posted at least monthly containing all assets, liability, capital, income and expense accounts; (3) bank statements and bank reconciliation records; (4) records of all outstanding money transmission obligations; (5) records of each outstanding money transmission obligation paid within the three-year period the records are maintained; (6) a list of the last known names and addresses of all the licensee's authorized delegates; and (7) any other records the commissioner reasonably requires in rules and regulations. (b) Records specified in subsection (a) may be maintained: (1) In any form of record; and (2) outside this state, if such records are made accessible to the commissioner on seven business days' notice. (c) All records maintained by the licensee as required in this section are open to inspection by the commissioner pursuant to K.S.A. 2025 Supp. 9-559(a), and amendments thereto. (d) This section shall take effect on and after January 1, 2025. History: L. 2024, ch. 64, § 24; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS Session Laws Kansas Administrative Regulations OTHER LEGISLATIVE SITES Kansas Legislature Administrative Services Division of Post Audit Research Department Contact Us PDF Help www.ksrevisor.gov 2026