Advertising record retention requirements

Posted By: VRV

Advertising record retention requirements - 07/06/10 09:37 PM

In Reg. Z 226.25, it states that evidence of compliance with "this section (other than advertising requirements under section 226.16 and 226.24) must be retained for two years after the date disclosures are required to be made..." I can't find anything regarding record retention requirements in 226.16 or 226.24. Does that mean that there are no retention requirements under Reg. Z for advertisements? (P.S. I am aware of the record retention requirements under FCRA with respect to pre-screened marketing pieces.)
Posted By: Random

Re: Advertising record retention requirements - 07/07/10 04:39 PM

There are not any specific reguirments in Reg Z. Therefore, you should at least follow the 2 year requirement in Reg DD.