§ 40-19-116 — Record retention

Every licensee shall maintain records in conformity with
generally accepted accounting principles and practices in a
manner which will enable the commissioner to determine whether
the licensee is complying with the provisions of this act. The
record keeping system of a licensee shall be sufficient if he
makes the required information reasonably available to the
commissioner. The records pertaining to any rental-purchase
agreement need not be preserved for more than two (2) years
after making the final entry relating to the agreement.