N.J. Admin. Code § 13:2-29.4

Current through Register Vol. 56, No. 24, December 18, 2024

Section 13:2-29.4 - Licensee records; storage systems and availability of records

(a) Upon written application to the Director, the Director may, in the sound exercise of his or her discretion, issue a permit for the off-premises storage of the records listed in N.J.A.C. 13:2-23.32(a)5, (b) and (c) that are in excess of three months old, provided that such storage permits access to all required records so that they are "readily retrievable" and "accurate."

(b) Records are "readily retrievable" if when relating to a transaction from the date of request they are:

1. Not more than three months old and are produced for inspection immediately upon demand; or

2. In excess of three months old and produced for inspection within seven business days.

(c) Records are "accurate" if they correctly reflect all information required to be contained on the original record.

(d) Computer systems and programs may be used to store records required to be maintained by law or other regulation if such records are retrievable within the time limits as enumerated in this section.

(e) A licensee may apply to the Director for a Permit for off-premises storage of business records on a form prescribed by the Director. The permit term shall coincide with the license term. A separate permit shall be obtained for each license held by the licensee. The cost of this permit shall be $ 100.00 per license for each license term.

N.J. Admin. Code § 13:2-29.4

Amended by R.1990 d.412, effective 8/20/1990.
See: 22 New Jersey Register 1811(a), 22 New Jersey Register 2508(c).
Revised heading; in (b)1, added "immediately" to "upon demand".
Amended by R.1995 d.450, effective 8/21/1995.
See: 27 New Jersey Register 2051(a), 27 New Jersey Register 3177(a).
Added (d).
Amended by R.2005 d.212, effective 7/5/2005.
See: 36 New Jersey Register 4211(a), 37 New Jersey Register 2544(a).
Rewrote the section.