§ 30-2-13-30 — Seller records and books

(a) The seller shall maintain accurate
records, books, and accounts for each contract sold under this chapter
containing the following:
(1) Copies of all contracts.
(2) The dates of all contracts.
(3) The amounts paid and received under each contract.
(4) The complete name, address, and identification of all parties
to each contract.
(b) The seller shall maintain at the seller's principal Indiana business
address complete records of all transactions under this chapter that
involve the seller. The records may be audited and examined by the
board at any reasonable time.
(c) The seller shall maintain all records required by this section for
the longer of:
(1) ten (10) years; or
(2) three (3) years after the date of full performance of a contract.
The records are business records and customer lists within the meaning
of IC 24-2-3.
(d) The requirements of this section apply to a seller, a successor
seller, and a seller who was previously designated to provide services
or merchandise to a purchaser.

Legislative History

As added by P.L.200-1991, SEC.1. Amended by P.L.61-2008, SEC.9.