(a) A holder of a motor vehicle title service license shall maintain records as required by this section on a form prescribed and made available by the county tax assessor-collector for each transaction in which the license holder receives compensation. The records shall include:
(1) the date of the transaction;
(2) the name, age, address, sex, driver's license number, and a legible photocopy of the driver's license for each customer; and
(3) the license plate number, vehicle identification number, and a legible photocopy of proof of financial responsibility for the motor vehicle involved.
(b) A motor vehicle title service shall keep:
(1) two copies of all records required under this section for at least two years after the date of the transaction;
(2) legible photocopies of any documents submitted by a customer; and
(3) legible photocopies of any documents submitted to the county tax assessor-collector.