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(1) A holder required to file a report under Section 67-4a-401 shall retain records for five years after the later of the date the report was filed or the last date a timely report was due to be filed, unless a shorter period is provided by rule of the administrator.
(2) The holder may satisfy the requirement to retain records under this section through an agent.
(3) The records shall contain:
(a) the information required to be included in the report;
(b) the date, place, and nature of the circumstances that gave rise to the property right;
(c) the amount or value of the property;
(d) the last address of the apparent owner, if known to the holder; and
(e) if the holder sells, issues, or provides to others for sale or issue in this state traveler's checks, money orders, or similar instruments, other than third-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding indicating the state and date of issue.