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Can we scan and retain drivers licenses online?

Answered by: 

Question: 
What is the rule on scanning and retaining drivers licenses online?
Answer: 

Economic Growth, Regulatory Relief, and Consumer Protection Act

TITLE II--REGULATORY RELIEF AND PROTECTING CONSUMER ACCESS TO CREDIT

A financial institution is authorized to record personal information from a scan, copy, or image of an individual's driver's license or personal identification card and store the information electronically when an individual initiates an online request to open an account or obtain a financial product. The financial institution may use the information for the purpose of verifying the authenticity of the driver's license or identification card, verifying the identity of the individual, or complying with legal requirements. The financial institution must delete any copy or image of an individual's driver's license or personal identification card after use.

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First published on 10/11/2020

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