Mich. Admin. Code R. 456.1302

Current through Vol. 24-21, December 1, 2024

Section R. 456.1302 - Receipts journal; requirements

Rule 302.

(1) A registrant shall maintain, in chronological order, a monthly receipts journal that separately lists all proceeds received from the sale of all of the following:

(a) Internment rights.

(b) Burial vaults.

(c) Grave memorials.

(d) Grave openings and closings.

(e) Cremations.

(f) Other sale items.

(2) The journal shall be retained as a record, as required under R 456.1301, and shall include the following:

(a) The date the proceeds are received.

(b) The name of the buyer and beneficiary, if there is a beneficiary.

(c) The contract number.

(d) The total amount of proceeds received, itemized to indicate the cost of each item by category of sale, and the applicable interest and sales tax, as specified in subrule (1) of this rule.

(e) Monthly totals by sales category.

(f) For an interment right provided by the registrant without charge, the journal shall include the name of the recipient, beneficiary, the date the right was given, and an indication in the journal that the interment right was given at no charge.

Mich. Admin. Code R. 456.1302

2015 MR 19, Eff. 10/6/2015