Cal. Code Regs. tit. 10 § 2043.5

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 2043.5 - Records Retention Requirements

Unless the servicer's contract with the U.S. Department of Education or private lender mandates that records required under these rules be purged or deleted sooner than three years after the loan serviced has been paid in full, assigned to collection, or transferred to another servicer, all records required under these rules must be maintained for a minimum of three years after the loan serviced has been paid in full, assigned to collection, or the servicing rights have been transferred.

Cal. Code Regs. Tit. 10, § 2043.5

1. New section filed 3-28-2019; operative 3-28-2019 pursuant to Government Code section 11343.4(b)(3) (Register 2019, No. 13).

Note: Authority cited: Section 28106, Financial Code. Reference: Sections 28130, 28134, 28138 and 28152, Financial Code.

1. New section filed 3-28-2019; operative 3/28/2019 pursuant to Government Code section 11343.4(b)(3) (Register 2019, No. 13).