R 257.254 Distressed vehicle sale records; content; maintenance period.

Rule 4. A dealer shall maintain, in a bound volume, a separate record of each late model distressed vehicle bought, sold, exchanged, accepted, or otherwise acquired by the dealer for the purpose of sale, exchange, wrecking, or storage. The record shall contain, in addition to the information required by the code, the make, model year, and body style of each vehicle for which records are kept. These records shall be maintained by the dealer for a period of not less than 4 years.