One Click Case Law for § 7-1-687-1
O.C.G.A. § 7-1-686 <-- --> O.C.G.A. §7-1-687

2010 Georgia Code

TITLE 7 - BANKING AND FINANCE

CHAPTER 1 - FINANCIAL INSTITUTIONS
ARTICLE 4 - SALE OF CHECKS OR MONEY ORDERS
§ 7-1-687.1 - Required records for five-year period; form; location of records

O.C.G.A. 7-1-687.1 (2010)
7-1-687.1. Required records for five-year period; form; location of records


(a) Each licensee shall make, keep, and reserve the following books, accounts, and other records for a period of five years:

(1) A record of each check sold;

(2) A general ledger which shall be posted at least monthly containing all assets, liabilities, capital, and income and expense accounts;

(3) Settlement sheets received from agents;

(4) Bank statements and bank reconciliation records;

(5) Records of outstanding checks;

(6) Records of each check paid;

(7) A list of the names and addresses of all of the licensee's agents;

(8) A copy of all Currency Transaction Reports that are required to be filed by the licensee; and

(9) For money transmitters, records of all money transmissions sent or received.

(b) Records required to be made, kept, and reserved pursuant to subsection (a) of this Code section may be maintained in a photographic, electronic, or other similar form.

(c) Records required to be made, kept, and reserved pursuant to subsection (a) of this Code section may be maintained at a location outside the state so long as such records are made accessible to the commissioner within ten days of the date of a written notice by the commissioner to the licensee.