Establishment and Maintenance of Records

PURPOSE: This rule sets the minimum requirements for the establishment and maintenance of records for loans. Editor’s Note: Copies of all referenced federal regulations are available at a cost established by state law to any interested party at the Division of Finance, Room 630, 301 West High Street, Jefferson City, Missouri or the Office of the Secretary of State at a cost established by state law. The records established and maintained by associations for all loans made that are secured by real estate shall meet the minimum requirements set forth in applicable federal regulations and any other requirements that the director may set. For loans not secured by real estate, associations must establish and maintain documentation as is consistent with the safe and sound operation of an association. AUTHORITY: section 369.299, RSMo 1994.* This rule originally filed as 4 CSR 260-8.015. This rule previously filed as 4 CSR 14020.015. Original rule filed Nov. 4, 1986, effective Jan. 30, 1987. Changed to 4 CSR 140-20.015, effective July 6, 1994. Amended: Filed Nov. 8, 1994, effective March 30, 1995. Moved to 20 CSR 1140-20.015, effective Aug. 28, 2006. *Original authority: 369.299, RSMo 1971, amended 1994.