Texas § FI.152.207 - RECORDS
Full text of Texas The Texas Constitution § FI.152.207 — RECORDS, with citation guidance and answers to common questions.
§ FI.152.207. RECORDS
RECORDS. (a) A money services licensee shall maintain the following records for determining its compliance with this chapter for at least five years: (1) a general ledger posted at least monthly containing all asset, liability, capital, income, and expense accounts; (2) bank statements and bank reconciliation records; (3) for a money transmission licensee: (A) records of outstanding money transmission obligations; (B) records of each outstanding money transmission obligation paid within the five-year period; (C) records of each outstanding money transmission obligation sold; and (D) a list of the last known names and addresses of all of the licensee's authorized delegates; (4) for a currency exchange licensee, a record of each currency exchange transaction; and (5) any other records the commissioner reasonably requires by rule. (b) The records required to be maintained by Subsection (a)(3)(C) may be maintained in any form of record. (c) Records required to be maintained by Subsection (a) may be maintained outside this state if they are made accessible to the commissioner not later than the seventh business day after the commissioner sends notice in writing. (d) All records maintained by a money services licensee as required by this section are open to examination by the commissioner under Section 152.057 (a). Added by Acts 2023, 88th Leg., R.S., Ch. 277 (S.B. 895 ), Sec. 1.01, eff. September 1, 2023. SUBCHAPTER F. AUTHORIZED DELEGATES
Frequently Asked Questions About Texas § FI.152.207
What does The Texas Constitution § FI.152.207 cover?
Section FI.152.207 ("RECORDS") is part of the The Texas Constitution, the codified statutory law of Texas. 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 Texas § FI.152.207?
A common citation format is "The Texas Constitution § FI.152.207" (Texas). 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 Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § FI.152.207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas 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 Texas.