[§480J-15] Maintenance of books and records.
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[§480J-15] Maintenance of books and records.
(a)Every installment lender shall keep in a safe and secure place those books and records that directly relate to any installment loan made within the State, and other books and records as may be necessary for the commissioner to ensure full compliance with the laws of the State.
(b)All books and records may be maintained as originals or photocopies; on microfilm or microfiche; on computer disks, including related cloud storage devices, or tapes; or similar forms; provided that the books and records are readily accessible and may be easily examined.
(c)All records, statements, and reports required or authorized by this chapter shall be made in writing in the English language.
(d)Every lender shall preserve all of its records for a minimum of six years or for a period the commissioner may prescribe by rules adopted pursuant to chapter 91. [L 2021, c 56, pt of §2]