361.957. Report of condition.
192 words·~1 min read·
/mo/chapter-361/361-957A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
361.957. Report of condition. — 1. Each licensee shall submit a report of condition within forty days of the end of the calendar quarter or within any extended time as the director may prescribe.
2. The report of condition shall include:
(1)Financial information at the licensee level;
(2)Nationwide and state-specific money transmission transaction information in every jurisdiction in the United States where the licensee is licensed to engage in money transmission;
(3)Permissible investments report;
(4)Transaction destination country reporting for money received for transmission, if applicable; and
(5)Any other information the director reasonably requires with respect to the licensee.
The director is authorized to utilize NMLS for the submission of the report required by subsection 1 of this section and is authorized to update as necessary the requirements of this section to carry out the purposes of sections 361.900 to 361.1035 and maintain consistency with NMLS reporting.
3. The information required under subdivision
(4)of subsection 2 of this section shall be included only in a report of condition submitted within forty-five days of the end of the fourth calendar quarter.
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(L. 2024 S.B. 1359)