[§489D-18]  Maintenance of records. 
(a)  Each licensee shall make, keep, preserve, and make available for
inspection by the commissioner the following books, accounts, and other records
for a period of three years:



(1)  A record or records of each payment instrument;



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



(3)  Bank statements and bank reconciliation records;



(4)  Records of outstanding payment instruments;



(5)  Records of each payment instrument paid within
the three-year period;



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



(7)  Any other records the commissioner reasonably
requires by rule adopted pursuant to chapter 91.



(b)  Maintenance of documents in a
photographic, electronic, or other similar form shall comply with this section.



(c)  Records may be maintained at a location
outside the State; provided that these records are made accessible to the
commissioner within seven business days of receipt of a written notice issued
by the commissioner. [L 2006, c 153, pt of §1]