§ 11-110-706 — Records - rules

Colorado § 11-110-706

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Money Transmitters

Text

(1) A licensee shall maintain the following
records for determining the licensee's compliance with this article 110 for at least
three years after the creation of the record:

(a) A record of each outstanding money transmission obligation sold;

(b) A general ledger posted at least monthly containing all asset, liability,
capital, income, and expense accounts;

(c) Bank statements and bank reconciliation records;

(d) Records of outstanding money transmission obligations;

(e) Records of each outstanding money transmission obligation paid within
the three-year period;

(f) A list of the last-known names and addresses of all of the licensee's
authorized delegates; and

(g) Any other records the banking board by rule reasonably requires.

(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 they are made accessible to the banking board with ten
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 banking board pursuant to section 11-110-403 (1).

Legislative History

Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 399, � 1, effective August 6.