[§523A-21]  Retention of records.  (a) 
Except as otherwise provided in subsection (b), a holder required to file a
report under section 523A-8 shall maintain the records containing the
information required to be included in the report for ten years after the
holder files the report, unless a shorter period is provided by rule of the
administrator.



(b)  A business association or financial
organization that sells, issues, or provides to others for sale or issue in
this State, traveler's checks, money orders, or similar instruments other than
third-party bank checks, on which the business association or financial
organization is directly liable, shall maintain a record of the instruments
while they remain outstanding, indicating the state and date of issue, for
three years after the holder files the report. [L 2008, c 55, pt of §1]