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Records are managed according to the retention schedule. Once the life of a record has been satisfied according to its predetermined period and there are no legal holds pending, it is authorized for final disposition, which may include destruction, transfer, or permanent preservation.
A retention period (associated with a retention schedule or retention program) is an aspect of records and information management (RIM) and the records life cycle that identifies the duration of time for which the information should be maintained or "retained", irrespective of format (paper, electronic, or other).
Data retention defines the policies of persistent data and records management for meeting legal and business data archival requirements. Although sometimes interchangeable, it is not to be confused with the Data Protection Act 1998.
Retaining financial and personal records at important. Just as important, however, is safely and securely ridding yourself of records that are no longer useful or needed.
State laws generally govern how long medical records must be retained. In Georgia, a provider must normally retain records for 10 years from the date the record item was created.
The Federal Records Act of 1950 is a United States federal law that was enacted in 1950. It provides the legal framework for federal records management, including record creation, maintenance, and disposition. [1]