Question:
How long should an HOA keep bank records.
– Cathy
Answer:
Hi Cathy,
According to the Tenn. Code § 48-66-101(e)(5), “All written communications to members generally within the past three (3) years, including the financial statements furnished for the past three (3) years under § 48-66-201.” However, it is best to check your governing documents to understand your association’s requirements on this. Generally, though, it is good practice to retain financial records for at least 4 years.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
