361.972. Records. — 1. A licensee shall maintain the following records for determining its compliance with sections 361.900 to 361.1035 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 asset, liability, capital, income, and expense accounts;
(3) Bank statements and bank reconciliation records;
(4) Records of outstanding money transmission obligations;
(5) Records of each outstanding money transmission obligation paid within the three-year period;
(6) A list of the last known names and addresses of all of the licensee's authorized delegates; and
(7) Any other records the director reasonably requires by rule.
2. The items specified in subsection 1 of this section may be maintained in any form of record.
3. Records specified in subsection 1 of this section may be maintained outside this state if the records are made accessible to the director on seven business days' notice that is sent in a record.
4. All records maintained by the licensee as required in subsections 1 to 3 of this section are open to inspection by the director under subsection 1 of section 361.921.
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(L. 2024 S.B. 1359)