Maryland § 12-114
Full text of Maryland Maryland Code § 12-114, with citation guidance and answers to common questions.
§ 12-114.
(a) A licensee shall keep the books and records that the Commissioner requires to determine compliance with this subtitle.
(b) Unless a longer period is expressly required by State or federal law, a licensee shall retain the records required under this subtitle for a period of at least 2 years.
(c) A licensee may retain the records required under this subtitle at any location, if the licensee:
(1) Notifies the Commissioner in writing of the location of the records; and
(2) Makes the records available at the licensed location, as agreed by the Commissioner and the licensee, within 7 days after a written request for examination by the Commissioner.
(d) In addition to any other books and records that the Commissioner may require, a licensee shall retain:
(1) A chronological register of all payment instruments cashed by the licensee showing:
(i) The name of the customer;
(ii) The transaction date;
(iii) The type and amount of payment instrument;
(iv) The amount of fee charged; and
(v) A complete description of the identification presented by the customer; and
(2) The licensee’s bank statements and canceled checks.
(e) A licensee shall retain the records required under this section in one of the following ways:
(1) Original form;
(2) An electronic equivalent approved by the Commissioner; or
(3) A microphotographic copy approved by the Commissioner.
Frequently Asked Questions About Maryland § 12-114
What does Maryland Code § 12-114 cover?
Section 12-114 is part of the Maryland Code, the codified statutory law of Maryland. 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 Maryland § 12-114?
A common citation format is "Maryland Code § 12-114" (Maryland). 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 Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 12-114 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland 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 Maryland.