Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
029 - BUREAU OF FINANCIAL INSTITUTIONS
Chapter 101 - RETENTION OF RECORDS - FINANCIAL INSTITUTIONS (Reg. #1)
Section 029-101-IV - AUTHORIZATION AND LIMITATIONS

Universal Citation: 02 ME Code Rules ยง 029-101-IV
Current through 2024-38, September 18, 2024

Financial institutions shall retain records for such minimum periods as prescribed by the following schedule, insofar as it does not contravene federal law. The Records Retention Schedule, which is contained in Section VI of this rule, is organized by function and is representative of those records utilized during the course of operation of a financial institution. All records may not be specifically addressed in this rule; financial institutions are encouraged, although not required, to supplement this schedule to meet their operational needs. All records, with the exception of those that are considered to be of a permanent nature, may be retained in media reproduction format for the periods of time designated in Section VI of this rule. Records designated for permanent retention must be held in original form.

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