§ 2119. Records required of licensee
(a)(1) A licensee shall keep, use in the licensee’s business, and make available to the Commissioner upon request, the books, accounts, records, and data compilations as will enable the Commissioner to determine whether the licensee is complying with the provisions of this part and with the rules adopted by the Commissioner.
(2) A licensee shall preserve the books, accounts, records, and data compilations in a secure manner for not less than seven years after making the final entry on any loan recorded therein.
(3) After the seven-year retention period, the licensee shall dispose of the books, accounts, records, and data compilations in accordance with 9 V.S.A. § 2445.
(b) A licensee may maintain records in any form permitted in subsection 11301(c) of this title. (Added 2019, No. 20, § 2.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 72 - General Provisions
§ 2100. Application of chapter
§ 2102. Application for license
§ 2103. Approval of application and issuance of license
§ 2104. Request for reconsideration; review of denial of application
§ 2105. Contents of license; nontransferable
§ 2106. Additional place of business; change of place of business
§ 2108. Notification of material change
§ 2109. Annual renewal of license
§ 2110. Revocation, suspension, termination, or nonrenewal of license; cease and desist orders
§ 2111. Revocation, suspension, termination, or nonrenewal where more than one place of business
§ 2112. Surrender of license; no effect on liability; reinstatement
§ 2116. Administrative procedure
§ 2117. Examinations and investigations; examination fees
§ 2119. Records required of licensee
§ 2120. Annual report; call reports
§ 2122. Use of other names or business places
§ 2124. Nationwide Multistate Licensing System and Registry
§ 2125. Report to Nationwide Multistate Licensing System and Registry