[Paladin2]

"Ultimately, when the dealer decides it's time to retire or close the business for any other reason, he has to hand over all his records to the Feds. "

Wouldn't many dealers be retiring due to fire, flood or tornado or all of the above?

[Hegemony Cricket]

What if a dealer had to retire because somebody broke in and shredded all his records? Jus’ aksin...

[fso301]

Wouldn't many dealers be retiring due to fire, flood or tornado or all of the above?

I don't know about temporary closures. My understanding is the requirement to turn in their records is if they close permanently.

I have heard where in the aftermath of a hurricane or flood, records were "lost".