SECTION 85:20-3-4. Summary method - monthly reports 1

  The Cemetery Merchandise Trust Act provides that each Permittee must either provide a copy of each contract to its Trustee or may, in lieu thereof, submit a summary of the relevant information from the contracts. If a Permittee chooses to use the summary method, the information shall be submitted on a monthly basis to the Trustee on a form provided by the State Banking Department. The Report shall contain the following information:

(1)   Name of cemetery;

(2)   Town where cemetery is located;

(3)   Period covered by the report;

(4)   Account numbers assigned to each contract;

(5)   Name of each customer (optional);

(6)   Description of merchandise purchased;

(7)   Cost breakdown on each piece of merchandise sold which is covered by the Act;

(8)   Amount of deposit made on each account;

(9)   Beginning and ending balances.

Note

EDITOR’S NOTE: See Editor's Note at beginning of this Chapter.