[Code of Federal Regulations]
[Title 49, Volume 5]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 49CFR580.8]

[Page 944]
 
                        TITLE 49--TRANSPORTATION
 
                            OF TRANSPORTATION
 
PART 580--ODOMETER DISCLOSURE REQUIREMENTS--Table of Contents
 
Sec. 580.8  Odometer disclosure statement retention.

    (a) Dealers and distributors of motor vehicles who are required by 
this part to execute an odometer disclosure statement shall retain for 
five years a photostat, carbon or other facsimile copy of each odometer 
mileage statement which they issue and receive. They shall retain all 
odometer disclosure statements at their primary place of business in an 
order that is appropriate to business requirements and that permits 
systematic retrieval.
    (b) Lessors shall retain, for five years following the date they 
transfer ownership of the leased vehicle, each odometer disclosure 
statement which they receive from a lessee. They shall retain all 
odometer disclosure statements at their primary place of business in an 
order that is appropriate to business requirements and that permits 
systematic retrieval.
    (c) Dealers and distributors of motor vehicles who are granted a 
power of attorney by their transferor pursuant to Sec. 580.13, or by 
their transferee pursuant to Sec. 580.14, shall retain for five years a 
photostat, carbon, or other facsimile copy of each power of attorney 
that they receive. They shall retain all powers of attorney at their 
primary place of business in an order that is appropriate to business 
requirements and that permits systematic retrieval.

[53 FR 29476, Aug. 5, 1988, as amended at 54 FR 35888, Aug. 30, 1989]