Delaware Administrative Code
Title 5 - Banking
2700 - Cashing of Checks Drafts or Money Orders
2702 - Minimum Records
Section 2702-2.0 - Location, Format and Retention of Records
Current through Register Vol. 28, No. 3, September 1, 2024
2.1 All records shall be made available to the Commissioner's staff when requested.
2.2 Records may be maintained at the licensed office or mobile unit itself or at any other suitable location if they can be available within a reasonable period of time upon request.
2.3 The licensee may maintain a separate record for repeat customers containing the information required by §§ 1.1.2, 1.1.3, and 1.1.4 of this regulation if the journal entry for each transaction clearly identifies the customer. Customer information maintained as a separate record must be updated annually, or sooner if the form of identification or record has expired since the last transaction.
2.4 Any licensee operating two or more office locations or mobile units may maintain consolidated or combined records, provided the records reflect separate figures for each location or unit.
2.5 All records may be maintained by paper copy or in an electronic format.
2.6 All records shall be retained in accordance with the time periods specified in Regulation 101 Retention of Financial Institution Records.
