665.010 - Retention of records: Requirements

665.010. Retention of records: Requirements

1. Each period of retention starts with the date of the final transaction, the closing date of the account or the payment date of the official check.

2. If a record (or printout) generated by a computer can be related to a record listed in NAC 665.020, the bank shall retain the record so generated for the period listed for the related record.

3. The period of retention for any record which is not listed in NAC 665.020 and constitutes a bank's internal work form may be set by the bank to meet its auditing requirements.

Banking Div., Retention of Records Reg. subsecs. 2-4, eff. 12-14-78

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