Note: This version of section effective until 1-1-2024. See also following repeal of this chapter, effective 1-1-2024.

     Sec. 43. A licensee shall make, keep, and preserve the following for three (3) years:

Terms Used In Indiana Code 28-8-4-43

  • authorized delegate: means an entity designated by a licensee to:

    Indiana Code 28-8-4-3

  • Contract: A legal written agreement that becomes binding when signed.
  • licensee: means a person licensed under this chapter. See Indiana Code 28-8-4-11
  • payment instrument: means :

    Indiana Code 28-8-4-15

  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(1) A record or records of payment instruments sold.

(2) A general ledger containing all asset, liability, capital income, and expense accounts for which a general ledger shall be posted at least monthly.

(3) Settlement sheets, if 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 three (3) years.

(7) A list of the names and addresses of all of the licensee’s authorized delegates, as well as a copy of each authorized delegate‘s contract.

As added by P.L.42-1993, SEC.85.

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