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Mortgage file retention

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  • #343465
    Cindy
    Participant

    We are in the process of reviewing our retention of records. I know the retention period for mortgage files; however, my question is whether the entire mortgage file must be retained, or only certain documents in the file.

    #343468

    You have file requirements for all disclosure sections of Reg. Z as well as the Reb B. retention. I would also recommend you reviewing any state retention requirements and for consistency retain the documents at the most conservative date.

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