Records

Records. (1) A motor vehicle dealer shall forward to the department within one business day after completing processing a transaction all of the following paper documents: (a) Original certificate of title that was submitted from the prior owner, or original manufacturers statement of origin for a newly titled vehicle. (b) Copy of the receipt generated by the computer at the completion of the transaction, or the original signed copy of the application for certificate of title. (c) Original signed odometer statement on the MV11 form if the odometer statement is not included on the certificate of title from the prior owner or on the original manufacturers statement of origin for a newly titled vehicle. (2) All records required to be kept by a motor vehicle dealer under ch. Trans 138 and this chapter shall be retained for 5 years. The records may be retained in electronic format as determined by the department, or in paper format as determined by the department.