(a) A licensee shall maintain all records relating to this chapter at the location for which the licensee has a license. The records must conform to generally accepted accounting principles and practices in a manner that will enable the department to determine whether the licensee is complying with the provisions of this chapter. The department shall have unrestricted access to the records of the licensee.
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Terms Used In Alaska Statutes 06.50.320

  • action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(b) A licensee shall retain records relating to an advance for at least two years after the last entry on the advance, unless otherwise required by the department.
(c) A licensee shall retain records of an advance that is the subject of a court action for at least two years after a judgment or settlement of the court action.
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