AGENCY: Department of Financial Institutions

SERIES: 81338
TITLE: Applications to act as money order vendors
DATES: 1981-2025.
ARRANGEMENT: Alphabetical by name

DESCRIPTION: In order for a vendor to become an underwriter for money orders, they must register with the state and meet certain criteria. This criteria is that the vendor must have at least $1 million in assets and hold a $50,000 bond. The application is reviewed by the department and the financial status is verified. This application is then held on file as proof of registration. This is done once a year. These applications include name and address of applicant, financial statement, background information of applicant, and proof of bonding.

RETENTION

Retain for 2 year(s)

DISPOSITION

Destroy.

RETENTION AND DISPOSITION AUTHORIZATION

These records are in Archives' permanent custody.

APPROVED: 06/1987

FORMAT MANAGEMENT

Paper: Retain in Office for 2 years and then destroy.

APPRAISAL

Administrative

This retention is based on administrative needs.

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