Ariz. Admin. Code § 2-20-807

Current through Register Vol. 30, No. 45, November 8, 2024

Section R2-20-807 - Recordkeeping

A. All records required to be retained by Chapter 6.1 of Title 16 shall be kept in such order that a reasonable person could confirm the accuracy of transactions, transfer records, reports, opt out notices, and other information by review of the documents and other information.

B. Records may be kept in any media a person subject to Chapter 6.1 of Title 16 chooses, provided that the media is commonly available and not proprietary.

C. Failure to maintain records in a reasonable manner may give rise to factual presumption against the person in an enforcement proceeding or other action under Chapter 6.1 of Title 16.

Ariz. Admin. Code § R2-20-807

New Section made by final exempt rulemaking at 29 A.A.R. 3523, effective 8/24/2023.