(a) Administrative enforcement. Section 270 of the act (12 U.S.C. 4309) contains the provisions
relating to administrative sanctions for failure to comply with the
requirements of the act and this part. Compliance is enforced by the agencies
listed in that section.
(b) [Reserved]
(c) Record retention. A depository institution shall retain evidence of compliance with this
part for a minimum of two years after the date disclosures are required to be
made or action is required to be taken. The administrative agencies
responsible for enforcing this part may require depository institutions under
their jurisdiction to retain records for a longer period if necessary to
carry out their enforcement responsibilities under section 270 of the
act.
