La. Admin. Code tit. 46 § III-1705

Current through Register Vol. 50, No. 11, November 20, 2024

Section III-1705 - Record Keeping

A. All licensees, including all individual auctioneers and auction businesses, must retain the following records of each sale conducted by that licensee or conducted by an apprentice auctioneer for which that licensee is responsible, for at least three years after the sale:

1. clerk sheets;

2. consignor sheets;

3. records showing deposits and disbursements from the escrow account;

4. consignor's contracts;

5. settlement sheets;

6. receipts to buyers;

7. any document showing lot numbers, item numbers, amounts of sale and commission amounts for each sale;

8. sales tax licenses;

9. occupational licenses;

10. any other license which the auctioneer is required to have to operate his business.

La. Admin. Code tit. 46, § III-1705

Promulgated by the Office of the Governor, Auctioneers Licensing Board, LR 31:1328 (June 2005).

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:3112.