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2021 Vermont Statutes
Title 8 - Banking and Insurance
Chapter 79 - Money Services
§ 2534. Records

Universal Citation:
8 VT Stats § 2534 (2021)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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§ 2534. Records

In addition to the records required by section 2119 of this title, a licensee shall maintain records for determining the licensee's compliance with this chapter. A licensee shall maintain its records for at least five years, which records shall include:

      (1) a record of each payment instrument or prepaid access 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 payment instruments and prepaid access obligations;

      (5) records of each payment instrument and prepaid access obligation paid within the five-year period;

      (6) a list of the last known names and addresses of all of the licensee's authorized delegates; and

      (7) any other records the Commissioner requires by rule. (Added 2001, No. 55, § 1, eff. Jan. 1, 2002; amended 2019, No. 20, § 53.)

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