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What kind of records are mortgage bankers and mortgage brokers required to maintain and how long must such records be maintained?

April 26, 2017bankers brokers maintain maintained mortgage records

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What kind of records are mortgage bankers and mortgage brokers required to maintain and how long must such records be maintained?

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Licensees should carefully review Section 224.75, Wis. Stats. The minimal retention period is 25 months, which begins on the date the loan is closed or, if the loan is not closed, the date of loan application.