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Can you summarize 17 KSAR Article 15?
Office of the State Bank Commissioner > Records
Short Summary
The document provides guidelines for the retention periods of various records that banks and trust companies must maintain. It covers a wide range of records, including administrative records, accounting and auditing records, checking accounts, Christmas club accounts, collections, commercial loans, consumer credit, customer service records, general records, general ledger, international department records, investments, official checks and drafts, personnel records, proof, clearings and transit records, real estate loans, registered mail, safe deposit vault records, savings accounts, tellers’ records, trust records, and minimum electronic data processing (EDP) record retention. The retention periods vary depending on the type of record, ranging from 1 year to permanent retention. Compliance with these retention periods is important for banks and trust companies to ensure proper recordkeeping and regulatory compliance.
Whom does it apply to?
Banks and trust companies
What does it govern?
This document outlines the retention periods for different types of records that banks and trust companies are required to maintain.
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Kansas