(a) Every person required to have a license shall maintain, for three (3) years from the date of purchase, records of each vehicle transaction to which the person was a party.
(b) Dealers shall maintain copies of all documents executed in conjunction with any transaction, which may include bills of sale, titles, odometer statements, invoices, affidavits of alteration, and reassignments, and shall be open to inspection to any Department of Arkansas State Police officer or designated employee of the department acting in an official capacity during reasonable business hours.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 4 - Miscellaneous Regulated Industries
Chapter 112 - Arkansas Motor Vehicle Commission Act
Subchapter 6 - Used Motor Vehicle Buyers Protection
§ 23-112-601. Necessity for regulation — Legislative findings — Legislative declaration
§ 23-112-603. Penalty for violation and disbursal of fines
§ 23-112-604. Powers generally
§ 23-112-606. License required
§ 23-112-607. Dealer's license
§ 23-112-608. License certificate fees
§ 23-112-609. Issuance of license certificate
§ 23-112-610. Display of dealer's license
§ 23-112-611. Records to be maintained
§ 23-112-613. Delivery prior to sale — Disclosures — Definitions
§ 23-112-614. Auto auction fees for salvage-titled or parts-only titled vehicles
§ 23-112-617. Used motor vehicle dealer service and handling fee