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#2201514 - 12/27/18 04:38 PM Record Retention - Privacy Notice
Aruba123 Offline
Member
Joined: Jan 2012
Posts: 70
New York
Is there a record retention requirement for the actual Privacy Notice? I am not successful in finding anything that confirms either that there is or that there is not. Any assistance would be greatly appreciated!!

Thank you in advance.

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#2201523 - 12/27/18 05:22 PM Re: Record Retention - Privacy Notice Aruba123
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,651
Galveston, TX
Retention by whom - the bank? Why would you not keep a historical sample of your privacy notices?
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#2201524 - 12/27/18 05:27 PM Re: Record Retention - Privacy Notice Aruba123
Aruba123 Offline
Member
Joined: Jan 2012
Posts: 70
New York
Yes, the bank. We do keep a historical sample but how long are we required to keep them on file? I don't see a regulatory requirement specified anywhere (which I could be missing).

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#2201528 - 12/27/18 05:38 PM Re: Record Retention - Privacy Notice Aruba123
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,425
Florida
They are usually electronic, so a blip on the compliance officer's computer shouldn't be a problem, especially if an examiner wants to see what the bank sent out (and to whom).
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#2201530 - 12/27/18 06:00 PM Re: Record Retention - Privacy Notice Aruba123
Aruba123 Offline
Member
Joined: Jan 2012
Posts: 70
New York
Yes, it's simple enough to retain the electronic copies (which we do). Thank you.

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#2202304 - 01/08/19 04:35 PM Re: Record Retention - Privacy Notice Aruba123
Anonymous
Unregistered

Another poster asks:

Maybe I missed the point of the discussion, but, you're not saying you decided to keep 10,000 copies of an identical document, right?

I think what RLC was suggesting was that you'd want a) a sample document and b) a record showing when it was sent, and to whom. Not that you'd actually need to image 10,000 docs to 10,000 different files, right?

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