Each association which provides safe deposit box services for its customers shall:

1. (1) Maintain a record as to the lessee(s) of each box rented.
2. (2) Maintain a record as to the person or persons permitted to enter the box.
3. (3) Maintain a record with minimum data consisting of names of entries into the box and dates of entry.
4. (4) Establish other precautionary procedures as may be deemed advisable by the association's board of directors to insure adequate safety to the lessees with a minimum of liability on the association.

Transferred from 625:10-5-13 (see Editor's Note at beginning of this Chapter)