The purpose and effect of the amended rule are to remove the disciplinary guidelines as found in the rule and to transfer the disciplinary guidelines provisions to a form incorporated into the rule entitled "Office of Financial Regulation, Division of Consumer Finance, Disciplinary Guidelines for Money Services Businesses," to amend the section specifying the mitigating and aggravating factors the Office shall consider in determining appropriate penalties, to delete and amend definition language, to remove provisions allowing for extra calculated time for dates falling on the weekend or legal holidays, to amend reimbursement rates for examinations, to clarify the records required to be maintained related to inbound and outbound transmissions, to update citations to federal laws and rules, to clarify the documents required to be maintained in customer files, to specify documents required to be submitted into the check cashing database, to delete the requirement for an electronic check cashing log, to specify access to the check cashing database, to specify check cashing database transaction requirements, to specify check cashing database availability, and to delete requirements related to payment method.