Records. — Alabama Code § 8-7A-14
Alabama Code § 8-7A-14 — Records.. Reproduced from the official Code of Alabama, with a citation summary, verification link, and related provisions.
§ 8-7A-14. Records.
(a) A licensee shall maintain all of the following records for determining its compliance with this chapter:
(1) A record of each payment instrument or stored-value obligation sold.
(2) A general ledger posted at least monthly containing all assets, liabilities, capital, income, and expense accounts.
(3) Bank statements and reconciliation records.
(4) Records of outstanding payment instruments and stored-value obligations.
(5) Records of each payment instrument and stored-value obligation paid within a five-year period.
(6) A list of names and addresses of all of the licensee’s authorized delegates.
(7) Any other record the commission requires by rule.
(b) The records referenced in subsection (a) shall be maintained by the licensee for a minimum of five years. Records may be maintained outside of the state.
(c) All records of a licensee, authorized delegate, or applicant shall be subject to reasonable, periodic, or special examination, at any time or from time to time, whether the records are located within or outside of this state, as the commission deems necessary or appropriate to the public interest. The licensee shall make any record available for inspection by the commission within five business days of the request.
Source: official Alabama text · Last verified 2026-08-27
At a glance
- Citation: Code of Alabama § 8-7A-14
- Jurisdiction: Alabama
- Code: Code of Alabama
- Subject: Records.
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Code of Alabama. Confirm it against the primary source before relying on it:
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The text above is transcribed from the Code of Alabama, the codified statutes of Alabama. The official publisher link appears under "Verify the text" on this page.
What subject does Code of Alabama § 8-7A-14 address?
It addresses "Records.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Alabama source before relying on this text.
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