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#1596415 - 08/25/11 03:13 PM LOAN REGISTER
MYOUNGER Offline
New Poster
Joined: Aug 2011
Posts: 2
What is a loan register? According to the retention schedule we have to keep them forever, but what are they?

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Operations Compliance
#1596694 - 08/25/11 07:35 PM Re: LOAN REGISTER MYOUNGER
Al Miller Offline
Diamond Poster
Al Miller
Joined: Oct 2000
Posts: 2,416
Pleasanton CA USA
I will pronounce MYOUNGER as Am Younger, and as MOLD (am old) will let you know that the Loan Register was a written list of the loans made each day. This was obviously pre computer.

Since I doubt you have posted anything in the career of most of your coworkers, and probably don't have a clue where the old ones are kept, it probably doesn't matter whether you keep them on the schedule or not.

Al
_________________________
Al Miller, CRCM
Opinions expressed are my own and not necessarily shared by my employer.

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#1597441 - 08/26/11 09:55 PM Re: LOAN REGISTER Al Miller
jim mathews Offline
Member
Joined: Feb 2008
Posts: 52
Brighton Co
If you are a HMDA lender you might want to verify that this isn't a Loan Application register before you toss it though. if it is then you will need to keep it to complete your year end HMDA report.

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