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Can you summarize NERS 8-2738?
BANKS AND BANKING > Licensee; books, accounts, and records.
Short Summary
This legal document, governed by the Nebraska Revised Statutes under the section ‘BANKS AND BANKING’, pertains to licensees. It requires licensees to maintain and preserve various books, accounts, and records for a period of three years. These records include a record of each payment instrument and stored value sold, a general ledger containing all assets, liability, capital, income, and expense accounts, settlement sheets received from authorized delegates, bank statements and bank reconciliation records, records of outstanding payment instruments and stored value, records of each payment instrument and stored value paid, a list of the names and addresses of all authorized delegates, and any other records reasonably required by the director. The document also states that maintaining these records in a photographic, electronic, or other similar form is considered compliant. Additionally, it allows records to be maintained outside of Nebraska as long as they are accessible to the director with a seven business days’ written notice.
Whom does it apply to?
Licensees
What does it govern?
Books, accounts, and records
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Nebraska