Ga. Comp. R. & Regs. R. 80-3-2-.01 - Reports of Condition

Licensees are required to prepare and submit various reports of condition.

(1) Each licensee shall have an audit of its books and records performed at least annually by independent public accountants in accordance with generally accepted auditing standards. Audits will be submitted to the Department via NMLS within ninety (90) days of the end of each fiscal year.

(2) Each licensee shall submit to the Department, through NMLS, a Money Services Businesses ("MSB") Call Report on a quarterly basis in a form and manner prescribed by the Department, no later than forty-five (45) days after the end of each calendar quarter.

(3) Each licensee shall file, no later than August 14th of each year, an activity statement in a form and manner prescribed by the Department, which shall include, but not be limited to, the average daily money transmission liability in Georgia during the second calendar quarter. Licensees submitting an activity statement to the Department are certifying to the material accuracy and validity of the information as submitted.

Notes

Ga. Comp. R. & Regs. R. 80-3-2-.01

O.G.G.A. §§ 7-1-61, 7-1-684.1, 7-1-690.

Original Rule entitled "Reports of Condition" adopted. F. Dec. 16, 2021; eff. Jan. 5, 2022. Amended: F. July 7, 2023; eff. July 27, 2023.