Section 205 ILCS 657/60 - [Section Scheduled to be Repealed 1/1/2026] Records maintenance(a) A licensee shall keep and use in its business books, accounts, and records in accordance with generally accepted accounting principles that will enable the Director to determine whether the licensee is complying with the provisions of this Act or any other Act the administration of which is vested in the Director. A licensee shall preserve all of the following records or such data as may be in electronic or other retrievable form for at least 5 years: (1) General ledger records.(2) Settlement sheets received from authorized transmitter sellers.(3) All records of final entry.(5) Bank reconciliation records.(b) A licensee shall require and its authorized sellers must preserve for at least 5 years all documents relating to money transmission activities, unless the data embodied in those documents has been transmitted for recordation by the licensee.(c) The records of the licensee regarding the business regulated under this Act shall be maintained at its principal place of business or, with notice to the Director, at another location designated by the licensee. If the records are maintained outside this State, the licensee shall make them accessible to the Director.Repealed by P.A. 103-0991,§ 900-30, eff. 1/1/2026.P.A. 88-643, eff. 1/1/1995.