3 AAC 12.070 - Maintenance of records
(a) Each licensee shall install and maintain
in his or her place of business such books, accounts, and records as will lend
themselves readily to inspection, examination and audit. If other businesses
are conducted in the same office, he or she shall maintain separate books and
records pertaining to the loan business.
(b) No licensee may, however, conduct any
other type of business in association or conjunction with the loan business
except as may be authorized in writing by the department. If another business,
not authorized under AS 06.20, is conducted in the same office, the licensee
shall fairly and equitably allocate all expenses so that the books relating to
the licensee's business under AS 06.20 will fairly reflect expenses of
conducting that business.
Notes
Authority:AS 06.20.160
AS 06.20.180
AS 06.20.210
AS 06.20.340
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