1. (a) A salvage vehicle dealer must retain at the licensed business location, or have electronic access at the licensed business location of records stored electronically, a complete record of all purchases and sales of salvage motor vehicles and non-repairable motor vehicles for a minimum period of 36 months from the date of the transaction.
2. (b) A salvage vehicle dealer shall maintain at the licensed business location a record of each vehicle that is scrapped or destroyed, and a photocopy of the front and back of all salvage vehicle titles and non-repairable vehicle titles, or a photocopy or electronic copy of all salvage records of title, and non-repairable records of title, and, if applicable, a photocopy of any out-of-state evidence of ownership surrendered to the department, until the fourth anniversary of the date the report was acknowledged as received by the department.

Source Note:The provisions of this §221.72 adopted to be effective December 9, 2015, 40 TexReg 8802.