There are many variables and factors that determine how long records should be stored. A retention schedule that takes into consideration the document's useful value to your business and the governing legal requirements should be defined. Once defined, this schedule should be consistently followed.
Irregular or inconsistent destruction practices could be negatively construed in the event of litigation or audit. In addition, the new Federal Rule 26 requires that, in the event of a lawsuit, each party must provide all relevant records to the opposing counsel within 85 days of the defendant's initial response.
By destroying records per a retention schedule, a company appropriately limits the amount of materials it must search through to comply with this law. RCI can assist you in defining and managing your company's retention schedule.
Monday, August 16, 2010
Thursday, August 12, 2010
All Businesses Require Data Destruction.
Did You Know That Every Business Has Information That Requires Destruction? Laws like FACTA, (the Fair and Accurate Credit Transactions Act) are certainly changing the way businesses must think about their records management processes and procedures.
Learn more about data destruction services at RecordCenterInnovations.com
Learn more about data destruction services at RecordCenterInnovations.com
Sunday, August 1, 2010
Document Management Laws that may strongly affect your business...
Document Management Legislation Laws that may strongly affect your business...
Fair and Accurate Credit Transactions Act (FACTA)
Health Insurance Portability & Accountability Act (HIPAA)
Gramm-Leach-Bliley Act (1999) Financial Services Modernization Act
Federal Privacy Act of 1974
Supreme Court Case
California v Greenwood, The US Supreme Court ruled in 1988 that any item placed in the trash is considered public information
Fair and Accurate Credit Transactions Act (FACTA)
Health Insurance Portability & Accountability Act (HIPAA)
Gramm-Leach-Bliley Act (1999) Financial Services Modernization Act
Federal Privacy Act of 1974
Supreme Court Case
California v Greenwood, The US Supreme Court ruled in 1988 that any item placed in the trash is considered public information
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