Colorado § 11-110-706 - Records - rules.
Full text of Colorado Colorado Revised Statutes § 11-110-706 — Records - rules., with citation guidance and answers to common questions.
§ 11-110-706. Records - rules.
(1) A licensee shall maintain the following records for determining the licensee's compliance with this article 110 for at least three years after the creation of the record:
(a) A record of each outstanding money transmission obligation sold;
(b) A general ledger posted at least monthly containing all asset, liability, capital, income, and expense accounts;
(c) Bank statements and bank reconciliation records;
(d) Records of outstanding money transmission obligations;
(e) Records of each outstanding money transmission obligation paid within the three-year period;
(f) A list of the last-known names and addresses of all of the licensee's authorized delegates; and
(g) Any other records the banking board by rule reasonably requires.
(2) The items specified in subsection (1) of this section may be maintained in any form of record.
(3) Records specified in subsection (1) of this section may be maintained outside this state if they are made accessible to the banking board with ten business days' notice that is sent in a record.
(4) All records maintained by the licensee as required in subsections (1) to (3) of this section are open to inspection by the banking board pursuant to section 11-110-403 (1).
Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 399, § 1, effective August 6.
PART 8
AUTHORIZED DELEGATES
Frequently Asked Questions About Colorado § 11-110-706
What does Colorado Revised Statutes § 11-110-706 cover?
Section 11-110-706 ("Records - rules.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 11-110-706?
A common citation format is "Colorado Revised Statutes § 11-110-706" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 11-110-706 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.