retention policy signature card

Posted By: beegee

retention policy signature card - 01/07/09 03:42 PM

I went to a webinar today that essentially said there was not reason to keep original signature cards once they have been scanned and verified. Are others destroying the cards once they have been scanned?

Thanks,
beegee
Posted By: Dazed and Confused

Re: retention policy signature card - 01/07/09 06:21 PM

I'm aware of several community banks in the Southwest that destroy the cards after they verify the scaned image is legible and complete (same for loan documents).
Posted By: DerrickAuditor

Re: retention policy signature card - 01/07/09 11:11 PM

Our policy - destroy the original once you have confirmed the imaged document is a satisfactory copy of the original with the following exceptions: Negotiable instruments, certificates of title, and original promissory notes.