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Comment for 1005.13 Administrative Enforcement; Record Retention

This version is not the current regulation.

You are viewing a previous version of this regulation with amendments that went into effect on July 21, 2020. View all versions of this regulation

13(b) Record Retention

1. Requirements. A financial institution need not retain records that it has given disclosures and documentation to each consumer; it need only retain evidence demonstrating that its procedures reasonably ensure the consumers' receipt of required disclosures and documentation.