689.585 - Records of seller; examination by Commissioner. - Nevada Statutes

689.585  Records of seller; examination by Commissioner.

      1.  Every seller shall keep:

      (a) Accurate accounts, books and records of all transactions;

      (b) Copies of all agreements and dates and amounts of payments made and accepted;

      (c) The names and addresses of the contracting parties; and

      (d) The persons for whose benefit the payments are accepted and the names of the depositories in which the payments are deposited.

      2.  The seller shall keep within this State, at the address shown upon the permit of the seller, complete records of all transactions under the permit. Those records and the affairs of the seller are subject to audit and examination by the Commissioner at any reasonable time. Any costs incurred by the Commissioner to conduct an audit or examination must be paid by the seller.

      3.  The seller shall keep such records for not less than 5 years after the completion of all transactions to which they relate.

      (Added to NRS by 1987, 1259; A 1993, 2621)