Every transferor and transferee shall retain for at least seven years all books and records relating to any transfer of title to, or beneficial interest in, real property located in Chicago, including the contract of sale, the closing statement and all other original source documents. Every trustee shall retain for at least seven years every real estate transfer declaration it receives pursuant to Section 3-33-080 of this chapter. All materials described in this section shall be kept in the English language and, at all times during business hours of the day, shall be open to inspection by the department.
(Added Coun. J. 12-15-92, p. 27387)