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#1106693 - 01/07/09 03:42 PM retention policy signature card
beegee Offline
Diamond Poster
Joined: Feb 2004
Posts: 1,090
South
I went to a webinar today that essentially said there was not reason to keep original signature cards once they have been scanned and verified. Are others destroying the cards once they have been scanned?

Thanks,
beegee

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Audit
#1106891 - 01/07/09 06:21 PM Re: retention policy signature card beegee
Dazed and Confused Offline
Gold Star
Dazed and Confused
Joined: Feb 2006
Posts: 250
Big XII South
I'm aware of several community banks in the Southwest that destroy the cards after they verify the scaned image is legible and complete (same for loan documents).

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#1107203 - 01/07/09 11:11 PM Re: retention policy signature card Dazed and Confused
DerrickAuditor Offline
Member
Joined: Mar 2008
Posts: 91
USA
Our policy - destroy the original once you have confirmed the imaged document is a satisfactory copy of the original with the following exceptions: Negotiable instruments, certificates of title, and original promissory notes.

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