59.1-120 - Recordkeeping requirements.
§ 59.1-120. Recordkeeping requirements.
A. At the time of purchasing an article mentioned in § 59.1-117, the dealershall require the seller of the article to provide:
1. A driver's license or other government-issued current photographicidentification including his full name, current address, and date of birth;and
2. Documentation, such as a bill of sale, receipt, letter of authorization,affidavit of ownership, or similar evidence, establishing that the sellerlawfully possesses any article being sold.
B. Every dealer shall keep at his place of business a permanently bound bookor ledger in which shall be legibly written with ink in English at the timeof each transaction in the course of his business an accurate account of eachpurchase and sale of every article mentioned in § 59.1-117 sold or purchasedby him. Such account shall set forth an accurate description of the goods,articles or things purchased or sold and the name and other informationprescribed in subdivision A 1 regarding the person selling, delivering, orpurchasing the same, the time and date of the transaction, the license numberof the automobile or vehicle in which the goods, article or things weredelivered or received, and the permit number, if the goods offered can onlybe sold under a permit issued by the chief of police of the city or town orthe sheriff of the county in which such goods were sold. The description ofthe person required by this section shall consist of the color, sex,approximate height, and age, any distinguishing feature of such person, andthe thumb prints of both hands of such person on the same page on which theentry is made. Records required by this subsection shall be maintained by thedealer at its normal place of business or at another readily accessible andsecure location for at least five years.
(Code 1950, § 59-148; 1968, c. 439; 2010, c. 805.)