How long a lender keeps certain records depends on each individual record itself. For example, creditors must retain escrow cancellation and partial payment policy disclosures for two years, loan estimate records for three years after loan consummation, and closing disclosures for five years.

If a creditor sells or transfers their interest, they must provide a copy of the closing disclosure to the new owner or servicer and both parties must retain it for the remainder of the 5-year period. Records can be stored digitally but it is not required.

That being said, there is nothing to define how long consumers should keep disclosure records.

At Title Junction, we care about helping you stay informed throughout your real estate transaction. The experts at our title company have extensive knowledge about real estate not only in Cape Coral and Fort Myers, but all of Florida as well.

Have questions? Give us a call at 239.415.6574.

In case you missed it, check out our last Title Junction post: How Lenders Decide Your Maximum Loan Amount

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