R156-38b-702. Archiving Requirements

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  (1) In accordance with Subsection 38-1a-202(4)(a), the designated agent shall archive the SCR computer data files semi-annually for auditing purposes.

  (2) In accordance with Subsection 38-1a-202(4)(c), filings shall be archived as follows:

  (a) one year after the day on which a notice of completion is accepted into the SCR; or

  (b) if no notice of completion is filed, two years after the last filing activity for a project.

  (3) For purposes of this section, "archive" means to preserve an original or a copy of computer data files and filings separate from the active SCR.

  (4) The designated agent shall maintain a transaction log of archived filings and make it available to the Division upon request for auditing purposes.

                    
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