AGENCY: Utah Housing Corporation

SERIES: 85091
TITLE: Loan purchase records
DATES: 1977-2002.
ARRANGEMENT: Chronological, thereunder alphanumerical by issue, thereunder alphabetical by lender name.

DESCRIPTION: These records document the purchase of each loan by a lending institution. A copy of the record is attached to the requisition and sent to the bond trustee. The record serves as an accounting tool providing the agency with the origination date, amount of loan, date purchased, and the purchaser's name and address.

RETENTION

DISPOSITION

RETENTION AND DISPOSITION AUTHORIZATION

Retention and disposition for this series were specifically approved by the State Records Committee.

APPROVED: 09/1994

FORMAT MANAGEMENT

Paper: Retain in Office until loan issue closing and then transfer to State Records Center. Retain in State Records Center for 33 years and then destroy.

APPRAISAL

Administrative Fiscal

This disposition is based on the administrative needs expressed by the agency. Previous decision:__Retain for 5 years after audit or for 8 years, whichever comes first. The change is due to the agency's need to verify loans for the entire mortgage duration. The records must be maintained at least 3 years from the date of the audit report, according to 24 CFR 44.12 (1988).

PRIMARY DESIGNATION

Private

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