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The Florida Statutes

The 2001 Florida Statutes

Title XXXIII
Regulation Of Trade, Commerce, Investments, And Solicitations
Chapter 560
Money Transmitters' Code
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Section 560.407, Florida Statutes 2001

560.407  Records.--

(1)  Each registrant under this part must maintain all books, accounts, records, and documents necessary to determine the registrant's compliance with the provisions of the code. Such books, accounts, records, and documents shall be retained for a period of at least 3 years unless a longer period is expressly required by the department, the laws of this state, or any federal law.

(2)  The records required to be maintained by the code or any rule adopted pursuant thereto may be maintained by the registrant at any location within this state, provided that the registrant notifies the department, in writing, of the location of the records in its application or otherwise.

(3)  A registrant shall make records available to the department for examination and investigation in this state, as permitted by the code, within 7 days after receipt of a written request.

(4)  The original of any record of a registrant includes the data or other information comprising a record stored or transmitted in or by means of any electronic, computerized, mechanized, or other information storage or retrieval or transmission system or device that can upon request generate, regenerate, or transmit the precise data or other information comprising the record. An original also includes the visible data or other information so generated, regenerated, or transmitted if it is legible or can be made legible by enlargement or other process.

History.--s. 13, ch. 2001-119.