Nebraska Statutes 8-2738. Licensee; books, accounts, and records
(1) Each licensee shall make, keep, and preserve the following books, accounts, and other records for a period of three years which shall be open to inspection by the director:
Terms Used In Nebraska Statutes 8-2738
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Director: means the Director of Banking and Finance. See Nebraska Statutes 8-2709
- Licensee: means a person licensed pursuant to the Nebraska Money Transmitters Act. See Nebraska Statutes 8-2713
- Payment instrument: means any electronic or written check, draft, money order, travelers check, or other electronic or written instrument or order for the transmission or payment of money, sold or issued to one or more persons, whether or not such instrument is negotiable. See Nebraska Statutes 8-2719
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
- Stored value: means monetary value that is evidenced by an electronic record. See Nebraska Statutes 8-2723
(a) A record of each payment instrument and stored value sold;
(b) A general ledger containing all assets, liability, capital, income, and expense accounts, which general ledger shall be posted at least monthly;
(c) Settlement sheets received from authorized delegates;
(d) Bank statements and bank reconciliation records;
(e) Records of outstanding payment instruments and stored value;
(f) Records of each payment instrument and stored value paid;
(g) A list of the names and addresses of all of the licensee’s authorized delegates; and
(h) Any other records the director reasonably requires by rule or regulation or order.
(2) Maintenance of such documents as are required by this section in a photographic, electronic, or other similar form constitutes compliance with this section.
(3) Records may be maintained at a location other than within this state so long as the records are made accessible to the director on seven business days’ written notice.