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#625573 - 10/16/06 09:43 PM Adult Financial Abuse Reporting- Record retention?
Dip Offline
Power Poster
Dip
Joined: Mar 2005
Posts: 6,298
San Diego, CA
This may be a California-specific question (SB1018, "FEAR Act")...

Does it say anywhere in the law how long a financial institution must keep a written report SOC 341 on file after submission to APS or law enforcement? I'd liek to include this in my procedures.

Thanks!
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Dabbling in banking, law, accounting...the life of a trustee.

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#625574 - 10/17/06 07:32 PM Re: Adult Financial Abuse Reporting- Record retention?
Bear Collector, CRCM Offline
Diamond Poster
Bear Collector, CRCM
Joined: Nov 2000
Posts: 1,830
District of Columbia
dip,
I don't know if you are an ABA member, but whether you are or not, ABA has a telephone briefing scheduled for tomorrow (10/18/2006) at 2 EDT on this topic. We are going to discuss elder financial abuse in general, but Leland Chan, General Counsel for the California Bankers Association is going to talk specifically about the California law. You will have the opportunity to have your questions answered that are not addressed in the briefing. You can register here: http://online.krm.com/iebms/reg/reg_p1_form.aspx?oc=10&ct=0018458&eventid=12005
BC
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Being kind is more important than being important.

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