|(a) Inventory Records. A written record or receipt of distressed, salvageable, and salvaged cosmetics shall be maintained by the salvage establishment or salvage broker and shall include: (1) the common name including brand name or manufacturer and quantity of the cosmetics received; (2) the source of the distressed, salvageable, and salvaged cosmetics; (3) the date received; (4) a brief description of the type or cause of damage (fire, flood, wreck, prolonged storage, warehouse damage, etc.); and (5) the name of the individual or business that purchases any such cosmetics for the purpose of sale or distribution and the date of any such transaction. (b) Retention of records. All records required in these sections shall be kept at the place of business of the salvage establishment or salvage broker for a period of two years following the completion of transactions involving a lot of cosmetics. (c) Electronic records. Records required by these sections which are maintained by the salvage establishment or salvage broker on computer systems shall be regularly copied, at least monthly, and updated on storage media other than the hard drive of the computer. An electronic record must be retrievable as a printed copy.