North Dakota Code 13-09.1-23 – Records
1. A licensee shall maintain the following records, for determining its compliance with this chapter for at least six years:
Terms Used In North Dakota Code 13-09.1-23
- following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Rule: includes regulation. See North Dakota Code 1-01-49
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
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 six-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 commissioner reasonably requires by rule.
2. The items specified in subsection 1 may be maintained in any form of record.
3. Records specified in subsection 1 may be maintained outside this state if they are made accessible to the commissioner on seven business days’ notice that is sent in a record.
4. All records maintained by the licensee as required in subsections 1 through 3 are open to inspection by the commissioner pursuant to subsection 1 of section 13-09.1-06.