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#738725 - 05/23/07 03:47 PM Right to Financial Privacy
Nanwa Offline
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Nanwa
Joined: Oct 2001
Posts: 5,564
Clintonville, WI, USA
I am cleaning out our vault. How long do we need to keep the requests from the Social Security Administration To Obtain Account Records From a Financial Institution? I have searched Title XI Right To Financial Privacy, and cannot find a record retention date.
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#738854 - 05/23/07 05:47 PM Re: Right to Financial Privacy Nanwa
Nanwa Offline
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Nanwa
Joined: Oct 2001
Posts: 5,564
Clintonville, WI, USA
Doesn't anyone ever get these? We have them back to 1977! The SSA does not have an e-mail address to contact, and the people I get on the phone haven't a clue that they even send these forms to banks.

I checked an original of the form for any retention requirements, but none are stated.
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#738943 - 05/23/07 06:45 PM Re: Right to Financial Privacy Nanwa
ABrown Offline
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Joined: May 2001
Posts: 279
Texas
I don't know why you'd have to keep those past 7 years at the max. I know we keep a lot of stuff (we just shredded microfilm from the 1950's) but I think that 7 years is the longest that we have to keep anything. Of course, I know it is going to depend on your state laws, also.

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#738969 - 05/23/07 07:00 PM Re: Right to Financial Privacy ABrown
Nanwa Offline
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Nanwa
Joined: Oct 2001
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Clintonville, WI, USA
Most of our state laws say to keep stuff 10, 15 or 20 years. But this is federal. Don't some IRS forms need to be kept beyond 7 years?
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#740240 - 05/25/07 12:42 PM Re: Right to Financial Privacy Nanwa
Nanwa Offline
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Nanwa
Joined: Oct 2001
Posts: 5,564
Clintonville, WI, USA
I guess there is no answer. I contacted the SSA; no one knew about the forms they send. I contacted my FDIC RO, who told me to contact the FDIC regs.gov, who told me to contact my FDIC RO.
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