Louisiana Administrative Code
Title 46 - PROFESSIONAL AND OCCUPATIONAL STANDARDS
Part III - Auctioneers
Chapter 17 - Responsibilities of Licensed Auctioneer
Section III-1705 - Record Keeping

Universal Citation: LA Admin Code III-1705

Current through Register Vol. 50, No. 9, September 20, 2024

A. All licensees, including all individual auctioneers and auction businesses, must retain the following records of each sale conducted by that licensee or conducted by an apprentice auctioneer for which that licensee is responsible, for at least three years after the sale:

1. clerk sheets;

2. consignor sheets;

3. records showing deposits and disbursements from the escrow account;

4. consignor's contracts;

5. settlement sheets;

6. receipts to buyers;

7. any document showing lot numbers, item numbers, amounts of sale and commission amounts for each sale;

8. sales tax licenses;

9. occupational licenses;

10. any other license which the auctioneer is required to have to operate his business.

AUTHORITY NOTE: Promulgated in accordance with R.S. 37:3112.

Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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