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BankersOnline.com Forums Dodd-Frank Final Rules Discussions Mortgage Servicing Rules Communication Retention - Bank and Builder?
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#2270292 - 05/10/22 09:27 PM Communication Retention - Bank and Builder?
ComplyCycle Offline
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ComplyCycle
Joined: Dec 2014
Posts: 454
Hi, does anyone consider communication between the bank and the builder to be servicing-related communications of the type that must be retained for a specific period of time? In my opinion, this communication has no record retention requirements.

Thank you.

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Mortgage Servicing Rules
#2270298 - 05/10/22 11:13 PM Re: Communication Retention - Bank and Builder? ComplyCycle
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
No, but if you get into a lawsuit, such communications might become important.
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#2270301 - 05/11/22 12:27 PM Re: Communication Retention - Bank and Builder? ComplyCycle
ComplyCycle Offline
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ComplyCycle
Joined: Dec 2014
Posts: 454
Great feedback - thank you. I appreciate the quick response.

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