Del. Admin. Code tit. 5, 100, 101, sch. B

Current through Register Vol. 28, No. 5, November 1, 2024

Schedule B - RECORDS RETENTION SCHEDULE

Licensees

(Periods of retention are in years, unless otherwise indicated)

Licensed Lenders (Chapter 22, Title 5, Delaware Code)

1. Loan Register	2*
2. Individual Accounts with Borrowers	2*
3. File of All Original Paper (including applications)	2*
4. File of All Original Paper/Denials	25 mos.
5. Daily Transaction Journal	2
6. Index of Borrowers, Endorsers, Comakers, etc.	2
7. Record of Loans in Litigation and Repossessions	5**
8. Credit Insurance Claims Register	2

Mortgage Loan Brokers (Chapter 21, Title 5, Delaware Code)

1. Applicant Register	2
2. Individual Records of Applicants/Closed Loans	2
3. Individual Records of Applicants/Denials	25 mos.
4. Record of Litigation	5**
5. Advertising	2

Motor Vehicle Sales Finance (Chapter 29, Title 5, Delaware Code)

1. Retail Installment Contract Applicant Register	2
2. Individual Accounts with Borrowers	2
3. Files of All Original Paper	2*
4. Files of All Paper/Denials	25 mos.
5. Daily Transaction Record	2
6. Index of Borrowers, Endorsers, Comakers, etc.	2
7. Record of Loans in Litigation and Repossessions	5**
8. Credit Insurance Claims Register	2

Cashers of Checks, Drafts, or Money Orders (Chapter 27, Title 5, Delaware Code)

1. Transactions Journal	2
2. Record of Deposits	2
3. Summary of Business	2

Transportation of Money and Valuables (Chapter 32, Title 5, Delaware Code)

1. Contracts for Transportation/Handling/Storage Services (after expiration)

2

Preneed Funeral Contracts (Chapter 3, Title 5, Delaware Code)

1. Preneed Trust Agreements (file of all original paper)	2*
2. Record of All Payments Received	2*
3. Record of All Contracting Parties	2*
4. Record of Depository Institution Used	2*

* After Account is Closed

** After Litigation or Repossession is Completed

Del. Admin. Code tit. 5, 100, 101, sch. B