Practice question

A motor vehicle dealer must maintain records of all vehicle purchases and sales. According to common state regulations, how long must these records, including odometer disclosure statements, be retained?

  1. One year from the date of sale.
  2. Three years from the date of the last payment.
  3. Five years from the date of sale.
  4. Indefinitely.

Answer: C — Five years from the date of sale.

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