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RDA Number
Effective Date
Record Series Abstract
The full mortgage payoff and foreclosure files that are included in single-family mortgage bonds shall be maintained for the duration of the retention period. Each file consists of the following documents at minimum: note, deed of trust, title policy, assignment of mortgage, THDA release forms, and either the payoff or foreclosure documents.
Record Series Active
Cut Off at End of
If Other, Explain
Mortgage payoff and foreclosure files must be retained for six (6) years after the bonds (including bond refunds) have been redeemed. If for any reason the bonds are re-opened or refunded then the retention begins again at that point. After full maturity of the bond, the records in this Record Series will be held for an additional six (6) years before destruction.
Total Retention Years
Total Retention Months
Retention End Action
Disposition Notes
Records may be maintained in either paper or electronic format, as authorized by applicable law, as long as the electronic content has been verified for completeness, accuracy, and usability. The Certificate of Records Disposal and Records Disposal Review Form (“RDRF”) shall be fully completed, as applicable, and all other procedures followed as detailed in THDA’s Records Management Policy in connection with the disposal of any records in this Record Series.
Record Location
404 James Robertson Pkwy, Nashville, TN. Parkway Towers, 14th Floor. 1741 Elm Hill Pike, Ste 101, Nashville, TN 37210. VRC
Media Format Generated
Media Format Stored
Date Range
1974 to Current
Allotment Code
Annual Accumulation
4 GB/ 16 cubic feet
Current Volume
20 GB/ 80 cubic feet
Record Value
Audit Requirements
Information Shared Outside the State
Shared Agencies
Internal Revenue Service, Dept of Housing and Urban Development, Treasury, Freddie Mac, Ginnie Mae, US Dept of Agriculture, and/or Veterans Affairs
Essential Record
Yes - Original
Essential Record Stored
Original records in paper format shall be stored at THDA’s central office in designated storage areas. Records in electronic format shall be maintained in a THDA approved software and/or server environment.
Essential Record Media Type
Confidential Legal Citation
15 U.S.C. §§ 6801-6809, §§ 6821-6827
Does this Record Series Contain Sensitive Information?
Agency Retention
Six years after bond has been redeemed.
Records Center Retention Period
System Name
Hardware Description
THDA maintains its own separate LAN/WAN infrastructure onsite at our main office in the Andrew Jackson building. A Storage Area Network supports all THDA's electronic data, which is then replicated real-time offsite.
Software Description
THELMA is an in-house built, proprietary system used to house all Loan Origination activity; FICS is our Servicing system of record and is a boxed/vendor application that is the permanent home for all mortgages after purchase.
System Location
THDA maintains its own separate LAN/WAN infrastructure onsite at our main office.
Backup Procedures
THDA's backup strategy utilizes enterprise-level software and high speed disk storage as well as data tapes which are used for offsite archival purposes. Most THDA production servers are backed up to an encrypted volume on weeknights using incremental/Full backup methods. Incremental jobs run Monday - Thursday and are rolled into a full backup on Friday night. The previous incremental backups become rollbacks. The rollbacks are retained on the volume for one year.
Disaster Recovery
THDA's Operations division employs a Certified Business Continuity Specialist who maintains and executes the agency's Business Continuity Plan, which has been established and in place since 2008.
Data Migration Description
Overseen and conducted by THDA according to the agency's Business Continuity Plan.
Records Management Division (RMD)
No recommended changes.
Tennessee State Library and Archives
No recommended changes.
Comptroller Audit Review
We have reviewed RDA 1683 from an audit standpoint. We concur with the recommended retention and disposition specifications.
Agency Records Officer
Agency concurs
RMD Director
RDA 1683 is a request to revise an RDA. The retention period will change from permanent to six years and then destroy. The format will be paper/electronic. The agency's legal counsel has explained the change from permanent to six years and then destroy is to follow federal requirements for bonds and that it is not necessary to keep these records permanently. The Abstract, Cut Off, Disposition Notes, and Worksheet have changed. Recommend approval of the request to revise RDA 1683.
Public Records Commission
PRC approves RDA 1683