It is a violation of this chapter for a person offering vacation time sharing plans for sale to the public to fail to keep among its business records a:
(1) copy of each item required to be submitted to the commission pursuant to Section 27-32-20;
(2) copy of the contract from each sale of the vacation time sharing plan, which contract must be retained for at least three years after parties to the vacation time sharing plan have completely performed all of their obligations under it; and
(3) list of all employees, and their last known mailing addresses, which list must include all current employees and all previous employees whose employment was terminated within the preceding three years.