Maine Revised Statutes, Title 32, § 6100-E: Records, 2023

Records maintenance is governed by this section. [PL 2023, c. 662, §2 (NEW).] 1. Required records. A licensee shall maintain for at least 3 years the following records for determining its compliance with this Act: A. A record of each outstanding money transmission obligation sold; [PL 2023, c. 662, §2 (NEW).] B. A general ledger posted at least monthly containing all asset, liability, capital, income and expense accounts; [PL 2023, c. 662, §2 (NEW).] C. Bank statements and bank reconciliation records; [PL 2023, c. 662, §2 (NEW).] D. Records of outstanding money transmission obligations; [PL 2023, c. 662, §2 (NEW).] E. Records of each outstanding money transmission obligation paid within the 3-year period; [PL 2023, c. 662, §2 (NEW).] F. A list of the last known names and addresses of all of the licensee's authorized delegates; and [PL 2023, c. 662, §2 (NEW).] G. Any other records the administrator may reasonably require by rule. [PL 2023, c. 662, §2 (NEW).] [PL 2023, c. 662, §2 (NEW).] 2. Form of records. The items specified in subsection 1 may be maintained in any form of record as long as the records can be viewed without special equipment and can be copied using methods commonly used in business. [PL 2023, c. 662, §2 (NEW).] 3. Records outside this State. Records specified in subsection 1 may be maintained outside this State if they are made accessible to the administrator on 7 business days' notice. [PL 2023, c. 662, §2 (NEW).] 4. Inspection. All records maintained by the licensee as required in subsections 1 to 3 are open to inspection by the administrator pursuant to section 6081, subsection 1. [PL 2023, c. 662, §2 (NEW).]