Skip to content
BOL Conferences
Learn More - Click Here!

Thread Options
#2239892 - 07/21/20 01:34 PM Safe Deposit Box Record Retention
Complycated Offline
100 Club
Joined: Aug 2013
Posts: 168
I know Wisconsin did away with the old record retention schedule but is there any guidance anymore on how long we have to keep access/entrance records for safe deposit boxes? Can we get rid of them along with the lease/signature card after the box has been closed 5 years?

Return to Top
#2239945 - 07/21/20 09:07 PM Re: Safe Deposit Box Record Retention Complycated
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
There would be nothing at the Federal level, the last WI reference I can find from the commissioner of Banking was 20 years, but that was in 1973 and was removed in 2014. I find no other guidance. How long of a statute of limitations do you have for a civil lawsuit involving a safe deposit box contract??
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2239954 - 07/22/20 01:49 PM Re: Safe Deposit Box Record Retention Complycated
Complycated Offline
100 Club
Joined: Aug 2013
Posts: 168
That is helpful. Thank you.

Return to Top