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Can you summarize IDST 26-2915?
MONEY TRANSMISSION > MAINTENANCE OF RECORDS.
Short Summary
This legal document governs the maintenance of records for licensees in the money transmission industry. Licensees are required to make, keep, and preserve various books, accounts, and records for a period of three years. These include records of payment instruments sold, a general ledger, settlement sheets, bank statements, records of outstanding payment instruments, records of paid payment instruments, a list of authorized representatives, and reports required by federal currency reporting and money laundering laws. The document also allows for the maintenance of records in a photographic or similar form and permits records to be maintained at a location outside the state as long as they are accessible to the director with prior notice.
Whom does it apply to?
Licensees
What does it govern?
Maintenance of records
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Idaho