ARM 2.59.306. RECORDS OF LICENSEE

(1) On and after January 1, 1960, each licensee shall establish and maintain in current condition a general ledger, located in the place of business maintained in this state for contracting consumer loans. (2) Each general ledger shall contain as a minimum the following accounts appropriate to the licensed organization: Assets Liabilities and Capital cash on hand capital cash in bank surplus notes receivable net worth real estate notes payable furniture and fixtures due parent company expenses income other assets other liabilities (3) Please bear in mind that the foregoing list is intended as a minimum guide only. Any reasonable change in title or additional breakdown of information will be satisfactory. (4) The general ledger of each licensee shall be sufficiently complete to show all assets, liabilities, income and expense. Every ledger entry shall be supported by original source documents, which must be available for examination.