SECTION 55.1-1011. Record retention requirements  

The settlement agent shall maintain sufficient records of its affairs so that the appropriate licensing authority may adequately ensure that the settlement agent is in compliance with all provisions of this chapter. The settlement agent shall retain records pertaining to each settlement handled for a minimum of five years after the settlement is completed. The appropriate licensing authority may prescribe the specific record entries and documents to be kept.

1997, c. 716 , § 6.1-2.24; 2010, c. 716 , § 55-525.27; 2019, c. 716 .