Okla. Admin. Code § 765:10-3-3 - Records
(a) Each dealer
shall keep for a period of three (3) years from the date of sale (or as
required by any other federal, state, or local regulations), a record of the
purchase and sale of each motor vehicle he buys or sells, which shall show the
name of the seller or buyer as the case may be, and a complete description of
the vehicle purchased or sold, and which shall include a copy of the front and
back of the completely assigned certificate of title to each vehicle sold, and
such other information as the Commission may prescribe. A public auction which
allows non-dealers to sell or purchase vehicles at its auction shall also be
required to keep a copy of the front and back of the certificate of title to
each vehicle sold or purchased by a non-dealer. The records and title of
vehicles shall be available upon request to authorized agents or employees of
the Commission or any law enforcement officer of the State of Oklahoma. If it
is determined that a licensee has knowingly provided false or misleading
information when requested to provide records, the licensee may be subjected to
any appropriate sanction authorized by rule or statute.
(b) Records shall include but not be limited
to bills of purchase or sale, odometer statements, invoices of repair or
expense, certificates of title, and accounting records for the operation of the
business, including, but not limited to, checking accounts, checks, drafts,
and/or financing agreements for inventory.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.