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#1884612 - 01/09/14 05:11 PM FCRA Record Retention
ComplianceGrl15 Offline
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Joined: Apr 2011
Posts: 257
West Virginia
What is the record retention period for the FCRA adverse action notice - is it the same as Reg B?

For example:

Businesses with gross revenues in excess of $1 million - record retention is only 60 days unless they request the reasons in writing and then it is 12 months - is this the same for the accompanying FCRA disclosure?

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Lending Compliance
#1884616 - 01/09/14 05:13 PM Re: FCRA Record Retention ComplianceGrl15
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,388
Galveston, TX
There are no specific retention requirements under FCRA. If the loan was for a business - what FCRA AANs?
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