Mich. Admin. Code R. 487.2122 - Data retention; archiving; deletion
Rule 2. The database provider shall do all of the following:
(a) Retain data in the
database only as required to ensure licensee compliance with the act.
(b) Archive data in the database concerning a
customer transaction within 365 days after the customer transaction is closed
unless notified by the commissioner that such data is needed for a pending
enforcement action.
(c) Delete any
identifying customer data from the database when data are archived.
(d) Delete data concerning a customer
transaction from the database 3 years after the customer transaction is closed
or upon completion as determined by the Commissioner of any enforcement action
pending 3 years after a customer transaction is closed, whichever is
later.
Notes
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