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How Often Should We Update Our Document Retention Policy?

Question: 
How often should we update our document retention policy?
Answer: 

According to a recent study, nearly half of all community banks make annual updates to their document retention policies.

Each bank is different and should seek legal and compliance advice before setting a retention policy update schedule.

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Download a study of 94 banks’ retention policies here.

Vendor: 

AccuSystems develops document management and exception tracking software for financial institutions. Trusted by more than 15,000 bankers worldwide, AccuAccount automates exception tracking, streamlines audits, and simplifies loan imaging. Request a demo, register for a webinar, or download a free whitepaper.

First published on 08/31/2015

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