(1) Account receivable records pertaining to each individual purchaser shall be assigned the same serial number as shown on the purchaser’s contract and shall be maintained in numerical sequence. The name of the purchaser or beneficiary, deferred payment price, date and amount of each payment, outstanding balance, retail price of each item, wholesale price of merchandise by item, a schedule of payments and percentage required to be deposited in each trust fund from each payment.
contract signature

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Terms Used In Florida Regulations 69K-6.0051

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
    (2) The information contained in subsection (1) is the minimum information to be contained in the accounts receivable records.
Rulemaking Authority 497.103(1)(n), (5)(a), 497.161(1)(c), 497.276(3) FS. Law Implemented 497.267, 497.268(5), 497.272(3), 497.276, 497.458 FS. History-New 7-20-73, Renumbered from 3-8.11 to 3D-30.11 on 9-8-75, Amended 1-27-81, Formerly 3D-30.11, 3D-30.011, Amended 5-27-98, Formerly 3F-6.0051.

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