(a) A licensee shall maintain all records relating to this chapter at the location for which the licensee has a license. The records must conform to generally accepted accounting principles and practices in a manner that will enable the department to determine whether the licensee is complying with the provisions of this chapter. The department shall have unrestricted access to the records of the licensee. (b) A licensee shall retain records relating to an advance for at least two years after the last entry on the advance, unless otherwise required by the department. (c) A licensee shall retain records of an advance that is the subject of a court action for at least two years after a judgment or settlement of the court action.
Alaska Legal Code