[Cindy]

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.

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[Kimberly Boatwright, CAMS, CRCM]

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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