Indiana § 28-8-4.1-706 Record keeping; required information; retention

Indiana Statutes

§ 28-8-4.1-706 — Record keeping; required information; retention

Indiana § 28-8-4.1-706

Art. 8FINANCIAL SERVICES

Ch. 4.1Money Transmission Modernization Act

This text of Indiana § 28-8-4.1-706 (Record keeping; required information; retention) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-8-4.1-706 (2026).

Text

(a)A licensee shall maintain the following records, for use in determining its compliance with this chapter, for at least three (3) 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 during the three (3) year period described in this section.

(6)A list of known names and addresses of all the licensee's authorized delegates.

(7)Any other records the director reasonably requires by rule.

(b)The items described in subsection (a) may be maintained in any form of record. (c

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A licensee shall maintain the
following records, for use in determining its compliance with this
chapter, for at least three (3) 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 during the three (3) year period described in this section.
(6) A list of known names and addresses of all the licensee's
authorized delegates.
(7) Any other records the director reasonably requires by rule.
(b) The items described in subsection (a) may be maintained in any
form of record.
(c) The records described in this section may be maintained outside
Indiana if they are made accessible to the department upon at least
seven (7) business days advance notice that is sent by the director in a
record.
(d) All records maintained by the licensee under this section are
open to inspection by the department under section 403(a) of this
chapter.