Paid off loan files-record retention in WA?

Posted By: Chocaholic

Paid off loan files-record retention in WA? - 11/19/13 06:23 PM

Is there any unique requirement in WA state for retention of paid -off loan files... I am thinking 7 years after pay-off is sufficient. Can you keep these electronically in WA state as well? I found the IRS publication which addresses the need to be able to index & retrieve and am assuming this will work for these records as well.
Any help would be appreciated!
Posted By: West Coast Comp

Re: Paid off loan files-record retention in WA? - 04/22/14 05:26 PM

There is nothing in WA law that would prevent electronic record retention.