Sec.36a-570-11. Records and accounts of affiliated entities

(a) Each affiliated entity shall maintain separate books and records in the form and manner prescribed by subsection (a) of section 36a-570-8 of these regulations.

(b) The account ledger cards or their electronic equivalent relating to each type of business conducted on the same premises shall be filed in such a manner as to be readily distinguished one from the other. The same shall apply to ledger cards or their electronic equivalent of accounts paid in full, renewed or refinanced, which shall be filed separate from open accounts.

(c) An alphabetical index or its electronic equivalent shall be maintained for all persons indebted to any affiliated entity. The index shall show the following information:

(1) The name of the obligor;

(2) the account number or numbers assigned to the obligor;

(3) the total indebtedness of the obligor when liable on more than one contract of any type;

(4) the type of indebtedness.

(Effective August 25, 1992; TransferredApril 24, 1995)