Summer Regulatory Summit eBook

Internal Use Only

Record Retention Reconciliation and Reevaluation

• Work on one policy to address the retention and disposition of both licensing (NMLS) and supervision (SES) information. Goal: keep information and documents in the system for no longer than needed

Internal Use Only

Record Retention Reconciliation and Reevaluation

• Ensure that no company records with activity are being purged from the system. • Reevaluate SES retention timeframes:

 Lessen 10-year period  Lengthen 90-day period • Adjusting the timeframes will help with:  Exam acceptance and leverage.  Increased adoption of the system.