Records to be maintained

(a) An authorized leasing company shall maintain the following records at its place of business in Connecticut, or if such company has more than one place of business at a designated place of business in Connecticut, for a period of no less than three (3) years after a transfer of registration in accordance with this regulation, and for a period of at least one (1) year after the expiration of a lease of a vehicle involved in a transfer of registration in accordance with this regulation: (1) A copy of the purchase order and the invoice issued at the time of purchase of the vehicle by the leasing company; and (2) If not otherwise required by law, records showing vehicle make, year, model, whether purchased new or used, vehicle identification number (VIN), purchase price, any guarantees or warrantees, and all documents relating to prior ownership, use, condition, registration or title. (b) Each authorized leasing company shall maintain the records enumerated in subsection (a) of this section available for inspection by the commissioner or his representative during business hours upon written notice. (c) Failure of an authorized leasing company to maintain such records or to make such records available for inspection shall be a violation.