Ala. Admin. Code r. 770-X-10-.18-.03

Current through Register Vol. 43, No. 1, October 31, 2024

Section 770-X-10-.18-.03 - Records To Be Kept By Brokers

(1) Each broker shall keep and retain for a period of three (3) years an exact record of each transaction in which he participates which records shall show for each transaction:

(a) Name and address of consignor.

(b) Name, address, and the lead or principal certificate or permit number of the originating motor carrier.

(c) Bill of lading or freight bill number.

(d) Description of commodity or commodities, weight, rate and tariff reference.

(e) Date of shipment.

(f) Origin and destination of shipment.

(g) Amount of compensation received by the broker for brokerage service furnished and from whom it was received.

(h) Description of any non-brokerage service performed in connection with each particular shipment or otherwise, amount of compensation received for such service, and from whom such compensation was received.

(i) If freight charges are collected by the broker, the record shall show, for each shipment, the amount collected and the date of payment to the carrier.

Ala. Admin. Code r. 770-X-10-.18-.03

Effective January 1978. Filed with LRS February 5, 2013. Filed for Codification in the Alabama Administrative Code by the Alabama Public Service Commission on February 5, 2013, pursuant to Code of Ala. 1975, § 41-22-7.

Author: Alabama Public Service Commission

Statutory Authority:Code of Ala. 1975, §§ 37-3-5, 37-3-7, 37-3-15, 37-3-22.