The Vermont Statutes Online
The Vermont Statutes Online does not include the actions of the 2024 session of the General Assembly. We expect them to be updated by November 1st.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 8 : Banking and Insurance
Chapter 079 : Money Services
Subchapter 005 : Examinations; Reports; Records
(Cite as: 8 V.S.A. § 2534)-
§ 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.)
