Skip to main content
Find a Lawyer

Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.11-029.Maintenance of records

Current as of January 01, 2021 | Updated by FindLaw Staff

(1) Each licensee shall make, keep, and preserve the following books, accounts, and other records for a period of five (5) years, and these records shall be open to inspection by the commissioner:

(a) A record or records of each payment instrument sold;

(b) A general ledger containing all assets, liability, capital, income, and expense accounts, which general ledger shall be posted at least monthly;

(c) Bank statements and bank reconciliation records;

(d) Records of outstanding payment instruments;

(e) Records of each payment instrument paid within the five (5) year period;

(f) A list of the names, addresses, and telephone numbers of all of the licensee's agents;

(g) Copies of all currency transaction reports and suspicious activity reports filed in compliance with KRS 286.11-031; and

(h) Any other record the commissioner may reasonably require by order or regulation.

(2) Records required to be maintained in this subtitle may be kept in an electronic retrievable format or other similar form of medium.

(3) Records may be maintained by a licensee or agent at a location other than within this state so long as they are made accessible to the commissioner upon seven (7) business days' written notice.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.11-029.Maintenance of records - last updated January 01, 2021 | https://codes.findlaw.com/ky/title-xxv-business-and-financial-institutions/ky-rev-st-sect-286-11-029/

Read this complete Kentucky Revised Statutes Title XXV. Business and Financial Institutions § 286.11-029.Maintenance of records on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Search all Kentucky Codes

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

    More Options
    Copied to clipboard