A North Carolina licensee stores its records at its head office in another state in 2026. What location requirement and approval process apply to this out-of-state storage?
Correct Answer
B) Records go in a location within the State unless approval is obtained
All records required to be maintained shall be secured against unauthorized access and damage in a location within the State accessible to the Commissioner, though a licensee maintaining a centralized out-of-state storage facility for records from multiple states may request approval of that location. Other choices: the in-state default is real; no production deadline substitutes; and the approval route exists. Source: 04 NCAC 03M .0502(c)
Why This Is the Correct Answer
All records required to be maintained shall be secured against unauthorized access and damage in a location within the State accessible to the Commissioner, though a licensee maintaining a centralized out-of-state storage facility for records from multiple states may request approval of that location. Other choices: the in-state default is real; no production deadline substitutes; and the approval route exists. Source: 04 NCAC 03M .0502(c)
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