Business Records Required to be Main

tained by Licensees PURPOSE: This rule establishes the business records to be retained by boat dealers, boat manufacturers, motor vehicle dealers, wholesale motor vehicle dealers and motor vehicle manufacturers. (1) A licensee shall maintain clear and complete books, records, files and other matters required and necessary to conduct the business of manufacturing and/or selling motor vehicles, trailers and/or boats including but not limited to titles, riders, disclosure statements, affidavits, inventory and related documentation. (2) The licensee shall have sufficient proof of ownership at the business location for each vehicle/unit owned by the licensee in the form of a certificate of ownership or copy thereof, bill of sale or invoice. (3) The business records of a licensee shall be maintained at the office of the licensee’s business location. (4) A licensee shall maintain business records for a period of not less than three (3) years, unless otherwise specified by law. (5) A licensee shall maintain clear and complete copies of all odometer disclosure documents issued and received by the licensee for a period of five (5) years. AUTHORITY: sections 301.553 and 301.560, RSMo Supp. 1998.* Original rule filed Nov. 1, 1999, effective May 30, 2000. *Original authority: 301.553, RSMo 1988, amended 1989, 1993, 1995, 1997; and 301.560, RSMo 1988, amended 1989, 1993, 1995, 1997.