A New York originating entity holds education records for its originators in 2026. How long must the entity retain and make these education records available?
Correct Answer
D) Retain them for 6 years and produce them on request
Each originating entity shall obtain and retain acceptable documentation of the satisfactory completion of required education courses by each originator, provide it at the request of the superintendent, and retain it for six years. Other choices: the period is fixed at 6 years rather than tied to employment or renewal, and it is 6 rather than 3. Source: N.Y. Banking Law § 599-m(1)
Why This Is the Correct Answer
Each originating entity shall obtain and retain acceptable documentation of the satisfactory completion of required education courses by each originator, provide it at the request of the superintendent, and retain it for six years. Other choices: the period is fixed at 6 years rather than tied to employment or renewal, and it is 6 rather than 3. Source: N.Y. Banking Law § 599-m(1)
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