Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the retention period for the sworn statement and affidavit?

April 26, 2017Affidavit period retention sworn

0

Posted

What is the retention period for the sworn statement and affidavit?

1 Answer

0

Posted

The retention period is not addressed in the law or rule. Given that the deposit account is closed, the general business practice is to retain documents on a closed account for 5 years. We suggest that you confer with your bank counsel or compliance officer.