A compliance officer is training new staff on federal record retention requirements. She explains that different regulations require different retention periods for different documents. Which of the following correctly matches a document to its minimum federal retention requirement?

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Closing Disclosure — 5 years after consummation under TRID Under TRID (the TILA-RESPA Integrated Disclosure rule), the Closing Disclosure must be retained for 5 years after consummation. The Loan Estimate must be retained for 3 years after consummation — not 5, making "Loan Estimate — 5 years after consummation under TRID" incorrect. SARs must be retained for 5 years from filing date under the Bank Secrecy Act, not 3, making "Suspicious Activity Report — 3 years from filing dat..." incorrect. HMDA Loan Application Registers must be retained for 3 years after the end of the calendar year in which the data was collected, not 5, making "HMDA Loan Application Register — 5 years after end o..." incorrect. Separately, ECOA/Reg B requires retention of consumer credit applications for 25 months. MLOs should know these distinctions because exam questions frequently test specific retention timeframes.

A compliance officer is training new staff on federal record retention requirements. She explains that different regulations require different retention periods for different documents. Which of the following correctly matches a document to its minimum federal retention requirement?

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