546A.3  Receipts.
  1.  An unused property merchant shall maintain receipts for the purchase of new and unused property from the producer, manufacturer, wholesaler, or retailer. A receipt shall include all of the following:
  a.  The date of the purchase.
  b.  The name and address of the person from whom the new or unused property was acquired.
  c.  An identification and description of the new and unused property acquired.
  d.  The price paid for such new and unused property.
  e.  The signature of the seller and buyer of the new and unused property.
  2.  An unused property merchant shall maintain receipts required under subsection 1 for two years.
  3.  An unused property merchant shall not knowingly do either of the following:
  a.  Falsify, obliterate, or destroy receipts required under subsection 1. Disposal or destruction of receipts after the two-year retention period required by subsection 2 shall not violate this paragraph.
  b.  Refuse or fail upon request and reasonable notice to make receipts required under subsection 1 available for inspection.
  4.  This section shall not apply to any of the following:
  a.  The sale of a motor vehicle or trailer that is required to be registered or is subject to the certificate of title laws of this state.
  b.  The sale of wood for fuel, ice, or livestock.
  c.  Business conducted during an industry or association trade show.
  d.  New and unused property that was not recently produced or manufactured, and the style, packaging, or material of the property clearly indicates that it was not recently produced or manufactured.
  e.  A person who sells by sample, catalog, or brochure for future delivery.
  f.  The sale of arts or crafts or other merchandise by a person who produces such arts or crafts or merchandise or by a person acting on such person’s behalf.
  g.  A person who makes a sales presentation pursuant to a prior, individualized invitation issued to the consumer by the owner or legal occupant of the premises.
2004 Acts, ch 1053, §3