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#698324 - 03/08/07 12:21 AM HMDA retention
CompQueen Offline
Junior Member
Joined: Mar 2007
Posts: 35
WA
I am trying to find out the retention for the supporting data have for my yearly HMDA submissions(i.e., copies of the LAR from throughout the year that I used to do my edit checking and the Edit reports showing my verifications of the errors).

I know that I am required to keep my LAR 3 years and my disclosures for 5 years but I could not find anything about this information. I am thinking 3 years as that is what I retain my actual LAR for.

Any thoughts would be helpful.

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#698369 - 03/08/07 01:22 PM Re: HMDA retention CompQueen
sue's mom Offline
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sue's mom
Joined: Feb 2003
Posts: 455
IL
I believe the time for all HMDA related data is 5 years.

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#698379 - 03/08/07 01:39 PM Re: HMDA retention sue's mom
RR Becca Offline
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RR Becca
Joined: Sep 2004
Posts: 5,245
out of the frying pan...
Here's the answers I got when I asked this question over in the CRA forum
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#698563 - 03/08/07 04:47 PM Re: HMDA retention RR Becca
CompQueen Offline
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Joined: Mar 2007
Posts: 35
WA
Thank you for your quick responses.

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#930711 - 03/26/08 06:43 PM Re: HMDA retention CompQueen
#12 Offline
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Joined: Jun 2005
Posts: 1,338
Ok, I know this thread is 1 year old, but I was wondering if someone can cite the "everything related to HMDA is kept for 5 years" rule. I understand the disclosure statements need to be kept for 5 years, but I can't find where the supporting documentation for LAR submissions needs to be kept that long.
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#930742 - 03/26/08 07:04 PM Re: HMDA retention #12
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,030
Bloomington, IN
I only keep my supporting documentation and worksheets for the LAR from the last compliance exam date.

I do however keep my documentation for LAR submission, i.e. a copy of my submission email, the HMDA acceptance email, the edit report, the IRS and the confirmation sheet with that year's submission.
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#930747 - 03/26/08 07:09 PM Re: HMDA retention Dan Persfull
#12 Offline
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Joined: Jun 2005
Posts: 1,338
Thanks Dan...that's what I was considering doing, just wanted to make sure I was reading the reg correctly.
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