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Chapter 327B
Section 327B.06
Topics
Recent History
- 2008 Subd. 1 Amended 2008 c 337 s 62
This is an historical version of this statute chapter. Also view the most recent published version.
327B.06 DEALER'S RECORDS.
Subdivision 1. Retention. A dealer shall retain for three years copies of all listings, deposit
receipts, credit applications, contracts, disclosure forms, canceled checks, trust account records
and other documents reasonably related to carrying on the business of a dealer. The retention
period shall run from the date of the closing of the transaction or from the date of the listing if
the transaction is not consummated.
Subd. 2. Examination of records. The commissioner may make examinations within or
without this state of each dealer's records at such reasonable time and in such scope as is necessary
to enforce the provisions of sections 327B.01 to 327B.12.
History: 1982 c 526 art 1 s 6
Subdivision 1. Retention. A dealer shall retain for three years copies of all listings, deposit
receipts, credit applications, contracts, disclosure forms, canceled checks, trust account records
and other documents reasonably related to carrying on the business of a dealer. The retention
period shall run from the date of the closing of the transaction or from the date of the listing if
the transaction is not consummated.
Subd. 2. Examination of records. The commissioner may make examinations within or
without this state of each dealer's records at such reasonable time and in such scope as is necessary
to enforce the provisions of sections 327B.01 to 327B.12.
History: 1982 c 526 art 1 s 6
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Revisor of Statutes