(a) Each person who conducts auctions as a business in this State of motor vehicles of a type required to be registered under this article shall keep a record of: (1) The name and address of the consignor; (2) The date on which it was consigned; (3) The year, make, model, and serial number of each vehicle consigned; (4) The title number and state where the vehicle was last registered; (5) The odometer mileage reading at the time of consignment; (6) The name and address of the person to whom the vehicle was sold; (7) The selling price; and (8) The date of sale. (b) During business hours, the records shall be open to inspection by the Administration, by the Department of State Police, or by a law enforcement officer with a county or municipal police department or sheriff's office who is assigned to an antitheft unit. (c) The records required by this section shall be kept for at least 3 years after the transaction to which it applies. (d) A person who fails to comply with any requirement under subsections (a) through (c) of this section is subject to a civil penalty not exceeding: (1) For a first offense, $500; or (2) For a second or subsequent offense, $1,000.
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