<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".08" citation="COMAR 11.15.24.08" title_num="11" subtitle_num="15" chapter_num="24" heading="Preservation of Records and Audit.">
  <paragraph num="A.">
    <text>Records.</text>
    <paragraph num="(1)">
      <text>An owner whose application for proportional registration has been accepted shall preserve the records on which the application is based for a period of 3 years after the close of the registration year.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>The records shall be made available upon request and during normal business hours to representatives of the Administration, for audit as to the records' accuracy.</text>
    </paragraph>
    <paragraph num="(3)">
      <text>If the records are not available to substantiate the information shown on the owner's application, the Administration shall give the owner 30 days written notice to provide the records.</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Monthly and yearly records shall be maintained to accurately reflect the inventory count and Maryland registrations. Inventory records shall include a:</text>
      <paragraph num="(a)">
        <text>Count of the vehicles not rented, located in each jurisdiction, at the time of the inventory count;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Count of the entire fleet owned or operated, whether rented or not rented, at the time of the inventory count; and</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Listing of registration plate numbers and dates purchased each year.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(5)">
      <text>Registration records and cancelled checks representing payment for license plates purchased or renewed shall be available for auditor review.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>Audit.</text>
    <paragraph num="(1)">
      <text>After reviewing the records in §A of this regulation, the Administration shall determine if any deficiencies exist, and shall advise the owner of any necessary corrective measures.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Failure to correct any deficiencies may result in the suspension of all registrations issued to an owner.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>Hearing. Before a suspension of a registration issued under these regulations, an owner may request a hearing under the provisions of State Government Article, §§10-201—10-217, Annotated Code of Maryland.</text>
  </paragraph>
</regulation>