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#1883705 - 01/07/14 03:24 PM Paid Off Mortgage Retention
Louie72 Offline
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Joined: Jul 2012
Posts: 104
I've been asked how long the bank must keep paid off mortgage files. My first response was 7 years, is this correct? Thanks.

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#1883780 - 01/07/14 05:03 PM Re: Paid Off Mortgage Retention Louie72
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,225
Galveston, TX
State law issue.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1883809 - 01/07/14 06:00 PM Re: Paid Off Mortgage Retention Louie72
Louie72 Offline
100 Club
Joined: Jul 2012
Posts: 104
Thanks Ricarey, We are located in Pa.

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#1883813 - 01/07/14 06:13 PM Re: Paid Off Mortgage Retention Louie72
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,225
Galveston, TX
Most likely, your mortgage loan files would not have a different retention than any other loan file based on the statute of limitations for lawsuits in PA. I personally have no idea what that might be.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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