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BankersOnline.com Forums Banker Forums Article 9 Record Retention word Permanent
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#1417810 - 07/21/10 02:25 PM Record Retention word Permanent
Pam0720 Offline
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With record retention there are numerous items that state state you must keep it permanently. If you have a business that has been in business over 100 years. Does permanently equate to 30 years or 50 years,etc?

Thanks

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Article 9
#1418341 - 07/21/10 11:23 PM Re: Record Retention word Permanent Pam0720
rlcarey Online
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You would have to check with the state, but the general definition of permanent means: forever.
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#1460090 - 10/27/10 03:59 PM Re: Record Retention word Permanent rlcarey
Tn Auditor Offline
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This brings up another questions. Why are some records permanent?
For example, in my state (Tennessee) call reports have a permanent retention. When or why would someone need to see a call report from years ago. We pay to have these stored offsite, but what is the point?

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#1460091 - 10/27/10 04:00 PM Re: Record Retention word Permanent Tn Auditor
Kathleen O. Blanchard Offline

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Someone long ago thought it was important.
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#1469131 - 11/17/10 06:00 PM Re: Record Retention word Permanent Tn Auditor
Rocky P Online
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Originally Posted By: Tn Auditor
This brings up another questions. Why are some records permanent?
For example, in my state (Tennessee) call reports have a permanent retention. When or why would someone need to see a call report from years ago. We pay to have these stored offsite, but what is the point?


Most states allow for electronic retention of records. Those musty boxes could probably be reduced to a single CD if scanned, That would take up a lot less space, and be easier to retrieve.
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