Section 12-425 - Required records(a) Each licensee shall make and preserve the following books, accounts, and records for a period of at least 3 years: (1) A record of each money transmission conducted;(2) A general ledger containing all assets, liability, capital, income, and expense accounts, which general ledger shall be posted at least monthly;(3) Settlement sheets received from each authorized delegate;(4) Bank statements and bank reconciliation records;(5) Records of outstanding money transmissions;(6) Records of each money transmission conducted within the 3-year period;(7) A list of the names and addresses of all the licensee's authorized delegates, past and present; and(8) A list of the dates that the training materials required under § 12-413.1 of this subtitle were provided to the licensee's authorized delegates, agents, and subdelegates.(b) A licensee shall retain the records required under this section in: (2) Photographic, electronic, or other similar form.(c) A licensee may retain the records required under this section at any location, provided that the licensee:(1) Notifies the Commissioner in writing of the location of the records; and(2) Makes the records available at a place of business for which a license has been issued, as agreed by the Commissioner and the licensee, within 7 days after a written request for examination by the Commissioner.Amended by 2021 Md. Laws, Ch. 100,Sec. 3, eff. 10/1/2021.Amended by 2014 Md. Laws, Ch. 421,Sec. 1, eff. 10/1/2014.