CMP.2.6.050 Books, Accounts and Records, Examinations, Costs

(a) A Licensee shall maintain all books, accounts, and records that the Authority reasonably requires to ensure compliance. Each Licensee shall:

(1) Ensure that the books, accounts, and records are sufficiently detailed to comply with the Code and all applicable federal laws.

(2) Maintain the books, accounts, and records separately from any other business in which the Licensee is engaged and shall retain the books, accounts, and records for at least three years or according to the specific requirements of applicable federal law.

(b) The Authority may examine or cause to be examined each Licensee at least annually. In conducting such examination, the Authority or its agent may examine the books, accounts, and records to determine if the Licensee has complied with this Code and any applicable federal laws The Licensee shall pay the cost of the examination.

(c) Tribal Records. All books, accounts, records, agreements, reports and audits, communications, and other documents held by a Licensee and related to Consumer Financial Services authorized by this Code are records of the Tribe.