Answer:
by Randy Carey:
Why would you not keep the entire file like you would any other loan? A loan that is rescinded closed, it just did not fund.
Answer:
by Richard Insley:
Section 1026.25 requires you to retain "evidence of compliance"...not a list of specific documents. In order to produce such a list for rescinded loans, you have to look at what transpires from cradle to grave, and what Reg. Z requires as a result of each relevant event along that timeline. "Evidence of compliance" is whatever would be necessary to defend the bank's disclosures (including content, timing, and format) in court.