[§481R-8]  Warrantor records.  (a)  Each
warrantor shall maintain accurate accounts, books, and other records regarding
transactions regulated under this chapter.  The warrantor's records shall
include:



(1)  A copy of the warranty for each unique form of vehicle
protection product sold;



(2)  The name and address of each consumer;



(3)  A list of the locations where the warrantor's
vehicle protection products are marketed, sold, or offered for sale; and



(4)  Files that contain at least the dates and
descriptions of payments to consumers related to the vehicle protection
product.



(b)  Except as provided by subsection (d), each
warrantor shall retain all records required under subsection (a) until at least
the first anniversary of the expiration date of the obligations under the
vehicle protection product warranty.



(c)  The records required to be maintained
under this section may be maintained in an electronic medium pursuant to
section 489E-12.  If a record is maintained in a format other than paper, the
warrantor shall reformat the record into a legible paper copy at the request of
the department.



(d)  A warrantor who discontinues business in
this State shall maintain the warrantor's records until ten years after the
date of the last sale of a covered motor vehicle protection product. [L 2002, c
237, pt of §1]