Plain Text Law

Regulation .20 Retention of Records and Audit.

Regulation .20 Retention of Records and Audit.Copy Citation

A.
A contractor and a participant shall:
(1)
Maintain all records and documents relating to vehicle title and registration transactions for 5 years from the time an activity takes place;
(2)
Make all records and documents available for inspection by authorized representatives of the Administration and law enforcement agencies during normal business hours without advance notification; and
(3)
Provide a terminal to the Administration for accessing the electronic system.
B.
The Administration shall develop a program for the audit of both contractors and participants.