An unused property merchant shall maintain receipts for the purchase of new and unused property. The receipts shall contain all of the following information:
(1) The date of the transaction.(2) The name and address of the person, corporation or entity from whom the new and unused property was acquired.(3) An identification and description of the new and unused property acquired.(4) The price paid for the new and unused property.(5) The signature of the seller and buyer of the new and unused property .2000, June 22, P.L. 367, No. 46, § 4, effective in 60 days.