§ 1494.
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/vt/title-27/chapter-18/1494A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 1494. Retention of records by holder
A holder required to file a report under section 1491 of this title shall retain records for 10 years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of the Administrator. The holder may satisfy the requirement to retain records under this section through an agent. The records must contain:
(1)the information required to be included in the report;
(2)the date, place, and nature of the circumstances that gave rise to the property right;
(3)the amount or value of the property;
(4)the last address of the apparent owner, if known to the holder; and
(5)if the holder sells, issues, or provides to others for sale or issue in this State traveler’s checks, money orders, or similar instruments, other than third-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)