Skip to content
BOL Conferences
Thread Options
#1316393 - 12/31/09 08:04 PM Recordkeeping sold loans
CRAatBOK Offline

Power Poster
Joined: Mar 2004
Posts: 6,172
Further South than I wanna be.
How long does a bank have to keep copies of the files for loans sold into the secondary market?
_________________________
Life is not the way it's supposed to be. It's the way it is. The way you cope with it is what makes the difference.

Return to Top
Lending Compliance
#1316562 - 01/01/10 01:36 PM Re: Recordkeeping sold loans CRAatBOK
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
I would think at a minimum, for the duration of the time that the loan could be put-back or the statute of limitation for any applicable regulatory violation, i.e., RESPA.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#1317666 - 01/05/10 03:42 PM Re: Recordkeeping sold loans rlcarey
CRAatBOK Offline

Power Poster
Joined: Mar 2004
Posts: 6,172
Further South than I wanna be.
Thanks Randy.
_________________________
Life is not the way it's supposed to be. It's the way it is. The way you cope with it is what makes the difference.

Return to Top

Moderator:  Andy_Z