63-29-19 - Record keeping; contents of warrantor's accounts, books, records. - Mississippi Statutes

§ 63-29-19. Record keeping; contents of warrantor's accounts, books, records.
 

(1)  All vehicle protection product warrantors shall keep accurate accounts, books and records concerning transactions regulated under this chapter. 

(2)  A vehicle protection product warrantor's accounts, books and records shall include: 

(a) Copies of all vehicle protection product warranties; 

(b) The name and address of each warranty holder; and 

(c) The dates, amounts and descriptions of all receipts, claims and expenditures. 

(3)  A vehicle protection product warrantor shall retain all required accounts, books and records pertaining to each warranty holder for at least two (2) years after the specified period of coverage has expired. A warrantor discontinuing business in the state shall maintain its records until it furnishes the Motor Vehicle Commission satisfactory proof that it has discharged all obligations to warranty holders in this state. 

(4)  Vehicle protection product warrantors shall make all accounts, books and records concerning transactions regulated under this chapter available to the Motor Vehicle Commission for the purpose of examination. 
 

Sources: Laws, 2007, ch. 486, § 10, eff from and after July 1, 2007.