Can we store digital copies of medical payments processed through a lockbox to meet record retention requirements for HIPPA or do original physical documents need to be kept? We are using the 10 yr retention schedule currently; assume that is correct?
Are there state specific retention schedules for branches in AL, TN, GA, FL, SC?
Is there a minimum record retention requirement or best practice for documents related to third party risk management?
How long does a bank need to keep paper documents regarding IRA Accounts? Can these be imaged and the originals shredded if we verify the images are readable and correct?
How long should we keep complaint letters?
What is the record retention guidelines or requirements for DDA credit verifications for financial institutions?
Is it a requirement (Reg or Legal) to keep hard copies of Signature Cards with wet signatures?
How does document management impact a bank’s loan portfolio metrics?
How long must a bank maintain record of any additions/changes to their security procedures and equipment?
What should document system administrators be doing regularly?