Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 11. Department of Transportation |
Subtitle 12. MOTOR VEHICLE ADMINISTRATION—LICENSING OF BUSINESSES AND OCCUPATIONS |
Chapter 11.12.02. Title Service Agents |
Sec. 11.12.02.04. Records
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A. Records Retention. A title service agent shall retain those records relating to the business for a minimum of 3 years. These records shall include, but are not limited to, transaction transmittal forms specified in Regulation .05 of this chapter and those records relating to the collection of:
(1) Excise tax;
(2) Titling and registration fees; and
(3) Other fees collected for the Administration.
B. These records shall identify the:
(1) Customer's file number;
(2) Customer's name and address;
(3) Vehicle's:
(a) Make,
(b) Year,
(c) Vehicle identification number;
(4) Type of transaction; and
(5) Fees collected for the Administration.
C. The records shall be readily available for inspection by the Administrator or the Administrator's designated representative.