TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER I: DEPARTMENT OF FINANCIAL INSTITUTIONS
PART 205 TRANSMITTERS OF MONEY ACT
SECTION 205.10 AVERAGE DAILY BALANCE
Section 205.10 Average Daily Balance
The average daily balance of payment instruments shall be calculated by averaging the balance of outstanding payment instruments as of the last day of each month for the previous 12 months or operational history, whichever is shorter.