District of Columbia § 26-1014 Maintenance of records.

District of Columbia Statutes

§ 26-1014 — Maintenance of records.

District of Columbia § 26-1014

Title 26Banks and Other Financial Institutions.

Ch. 10Money Transmissions.

This text of District of Columbia § 26-1014 (Maintenance of records.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

D.C. Code § 26-1014 (2026).

Text

(a)Each licensee, shall make, keep and preserve the following books, accounts and other records for a period of 3 years:

(1)A record of each payment instrument sold;

(2)A general ledger containing all assets, liability, capital, income and expense accounts, which general ledger shall be posted at least monthly;

(3)Settlement sheets received from authorized delegates;

(4)Bank statements and bank reconciliation records;

(5)Records of outstanding payment instruments;

(6)Records of each payment instrument paid within the 3 year period;

(7)A list of the names and addresses of all of the licensee’s authorized delegates; and

(8)Records it is required to maintain pursuant to 31 C.F.R. Part 103.

(b)Maintenance of such documents as are required by this section in a

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(a) Each licensee, shall make, keep and preserve the following books, accounts and other records for a period of 3 years:

(1) A record of each payment instrument sold;

(2) A general ledger containing all assets, liability, capital, income and expense accounts, which general ledger shall be posted at least monthly;

(3) Settlement sheets received from authorized delegates;

(4) Bank statements and bank reconciliation records;

(5) Records of outstanding payment instruments;

(6) Records of each payment instrument paid within the 3 year period;

(7) A list of the names and addresses of all of the licensee’s authorized delegates; and

(8) Records it is required to maintain pursuant to 31 C.F.R. Part 103.

(b) Maintenance of such documents as are required by this section in a photographic, electronic, or other similar form shall constitute compliance with this section.

(c) Records may be maintained at a location other than within the District of Columbia so long as they are made accessible to the Superintendent [Commissioner] within 7 days of written notice by the Superintendent [Commissioner].