AGENCY: Board of Regents (Utah). Higher Education Assistance Authority

SERIES: 12637
TITLE: Proposal and loan purchase requests
DATES: 1977-
ARRANGEMENT: Chronological by fiscal year

DESCRIPTION: Requests for proposals (RFP's) from financial institutions for investments and for student loan purchases, includes RFP's, responses, and student loan purchases.

RETENTION

Retain for 25 year(s)

DISPOSITION

Destroy.

RETENTION AND DISPOSITION AUTHORIZATION

These records are in Archives' permanent custody.

APPROVED: 12/1993

FORMAT MANAGEMENT

Paper: Retain in Office for 1 year and then transfer to State Records Center. Retain in State Records Center for 24 years and then destroy.

Computer data files: Retain in Office until administrative need ends and then delete.

APPRAISAL

Administrative Fiscal Legal

This disposition is based on 34 CFR 682.414, which states that loan information must be retained "for at least 5 years after the loan is paid in full or has been determined to be uncollectable." The administrative need is due to possible loan deferments which could extend the payment period.

PRIMARY DESIGNATION

Exempt. Family Educational Rights and Privacy (FERPA) 34 CFR 99.

SECONDARY DESIGNATION

Public. UCA 63G-2-301(2)(e) (2008)

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