Skip to content
Learn More - Click Here!

Thread Options
#1596415 - 08/25/11 03:13 PM LOAN REGISTER
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?

Return to Top
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 Miller, CRCM
Opinions expressed are my own and not necessarily shared by my employer.

Return to Top
#1597441 - 08/26/11 09:55 PM Re: LOAN REGISTER Al Miller
jim mathews Offline
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.

Return to Top

Moderator:  Andy_Z, John Burnett