Institutions must be able to document the various actions they take in the administration of the Title IV programs, for both reporting and audit/program review purposes. The time period during which records must be retained, as well as the manner and format, are defined in regulation.
Related topics in this Index: Audit and Program Review; Cash Management
Administrative records related to institutional eligibility, educational program eligibility, and Title IV participation
Examination, availability, and sharing of records (cooperation with regulating agencies, loan servicers, and auditors)
Federal Trade Commission (FTC) information security requirements (Financial Services Act, Security Provisions; Financial Services Modernization Act)