Plain Text Law

Regulation .08 Due Diligence.

Regulation .08 Due Diligence.Copy Citation

Wholesale distributors having transactions with persons not licensed by the Board or not certified by a third party recognized by the Board shall have in place policies and procedures to perform due diligence on transactions that take place that include:
A.
Verification of alternate licensure;
B.
Verification of identity; and
C.
Verification of recent inspections by a state or third party entity recognized by the Board.