Report of condition

§ 361.957 RSMo — under Division of Finance and Powers of Director of Finance.

§ 361.957 RSMo

361.957. Report of condition. — 1. Each licensee shall submit a report of condition within forty days of the end of the calendar quarter or within any extended time as the director may prescribe.

2. The report of condition shall include:

(1) Financial information at the licensee level;

(2) Nationwide and state-specific money transmission transaction information in every jurisdiction in the United States where the licensee is licensed to engage in money transmission;

(3) Permissible investments report;

(4) Transaction destination country reporting for money received for transmission, if applicable; and

(5) Any other information the director reasonably requires with respect to the licensee.

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3. The information required under subdivision (4) of subsection 2 of this section shall be included only in a report of condition submitted within forty-five days of the end of the fourth calendar quarter.

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(L. 2024 S.B. 1359)