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Record Retention Guide
For many years, GBA
members have relied on the association-produced record retention manual
to not only stay in compliance with state and federal retention
requirements, but to also save money by not keeping records longer than
necessary. We are pleased to announce the newly-revised 2007 edition of
the
GBA Guide to Record Retention
is now available.
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Why do you need
the Guide to Bank Record Retention?
The new GBA Guide to
Bank Record Retention will provide the peace of mind that a complete
record retention policy and procedures manual affords. This guide and
manual will aid your bank in developing a complete, workable and
understandable record retention program that is vital to the bank’s
daily routine. Appropriate record retention policies are considered a
safe and sound business practice because these policies assist in
regulatory compliance and provide guidelines your customer’s can count
on should their bank records be subpoenaed. If you already have a
record retention policy, you will still want to purchase the newly
revised version to ensure your current policy is current.
Here’s why
Record Retention should be a priority…
To be in compliance,
your institution must maintain thousands of different types of records.
It is critical that you follow regulations and laws as well as industry
best practices in order to stay in compliance. But record storage and
maintenance is costly whether you store the records onsite or pay to
have them stored professionally. Knowing when records can be destroyed
could save your institution time and money – both in terms of storage
fees and in complying with legal requests.
Using the GBA Guide
to Bank Record Retention, members have at their finger tips the latest
guidelines for record retention on more than 4,000 separate
banking-related items. The 282 page guide gives you retention schedules
covering both Federal and State retention laws and regulations as well
as reproducible forms to use internally in the bank. The federal
schedule covers more than 3,800 records and the separate state schedule
contains about 300 records.
The cost of the 2007
revised edition is $325.00 plus tax and shipping. As a service to
members, online
ordering is available. Nonmembers should print and complete the
order form or contact GBA’s
Kenyetta Parks at
(404) 420-2035.
Please send an e-mail to the
Webmaster with questions.
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