Tex. Fin. Code § 152.207 · Subchapter E. REPORTING AND RECORDS
RECORDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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).
Notes and commentary — not statutory text
History
Added by Acts 2023, 88th Leg., R.S., Ch. 277 (S.B. 895), Sec. 1.01, eff. September 1, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.152.htm
- Text hash
- sha256 8afdee651573881922c4f71fdf0fb90919e1fbc3061d2a91bfb1f3d5ceb50d67
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.