(1) An athlete agent shall retain the following records for a period of five (5) years:
(a) The name and address of each individual represented by the athlete agent;
(b) Any agency contract entered into by the athlete agent; and
(c) Any direct costs incurred by the athlete agent in the recruitment or solicitation of a student-athlete.
(2) Records required by subsection (1) to be retained are open to inspection by the Secretary of State during normal business hours.
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