[Code of Federal Regulations]
[Title 12, Volume 3]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR226.25]

[Page 291]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 226--TRUTH IN LENDING (REGULATION Z)--Table of Contents
 
                        Subpart D--Miscellaneous
 
Sec. 226.25  Record retention.


    (a) General rule. A creditor shall retain evidence of compliance 
with this regulation (other than advertising requirements under 
Secs. 226.16 and 226.24) for 2 years after the date disclosures are 
required to be made or action is required to be taken. The 
administrative agencies responsible for enforcing the regulation may 
require creditors under their jurisdictions to retain records for a 
longer period if necessary to carry out their enforcement 
responsibilities under section 108 of the act.
    (b) Inspection of records. A creditor shall permit the agency 
responsible for enforcing this regulation with respect to that creditor 
to inspect its relevant records for compliance.