§ 20-347.1. Odometer disclosure record retention. - North Carolina Statutes

§ 20‑347.1.  Odometerdisclosure record retention.

(a)        Dealers anddistributors of motor vehicles who are required by this Part to execute anodometer disclosure statement shall retain, for five years, a photostat,carbon, or other facsimile copy of each odometer mileage statement which theyissue or receive.  They shall retain all odometer disclosure statements attheir primary place of business in an order that is appropriate to businessrequirements and that permits systematic retrieval.

(b)        Lessors shallretain, for five years following the date they transfer ownership of the leasedvehicle, each odometer disclosure statement which they receive from a lessee. They shall retain all odometer disclosure statements at their primary place ofbusiness in an order that is appropriate to business requirements and thatpermits systematic retrieval.

(c)        Each auctioncompany shall establish and retain at its primary place of business in an orderthat is appropriate to business requirements and that permits systematicretrieval, for five years following the date of sale of each motor vehicle, thefollowing records:

(1)        The name of the mostrecent owner (other than the auction company);

(2)        The name of thebuyer;

(3)        The vehicleidentification number; and

(4)        The odometer readingon the date which the auction company took possession of the motor vehicle.

(d)        Records required tobe kept under this section shall be open to inspection and copying by lawenforcement officers of the Division in order to determine compliance with thisArticle. (1989, c. 482, s. 6.)