R 257.252 Vehicle salvage pool operator; vehicle scrap metal processor; distressed vehicle transporter; seller of major component parts; record maintenance periods.

Rule 2. (1) A person who is licensed as a vehicle salvage pool operator shall maintain, for a period of not less than 4 years after the disposal of a distressed vehicle, those forms, documents, and records which relate to the storage of the vehicle. (2) A person who is licensed as a vehicle scrap metal processor shall maintain, for a period of not less than 4 years after the disposal of a distressed vehicle, those forms, documents, and records which relate to the buying and acquiring of the vehicle for the purpose of processing and selling the metal. (3) A person who is licensed as a distressed vehicle transporter shall maintain, for a period of not less than 4 years after the disposal of a distressed vehicle, those forms, documents, and records which relate to the buying, acquiring, and selling of the distressed vehicle. (4) A person who is licensed to sell major component parts of used vehicles shall maintain, for a period of not less than 4 years from the time of sale, those forms, documents, and records which relate to the sale of used vehicle parts.