Section R. 487.2122 - Data retention; archiving; deletionRule 2. The database provider shall do all of the following:
(a) Retain data in the database only as required to ensure licensee compliance with the act.(b) Archive data in the database concerning a customer transaction within 365 days after the customer transaction is closed unless notified by the commissioner that such data is needed for a pending enforcement action.(c) Delete any identifying customer data from the database when data are archived.(d) Delete data concerning a customer transaction from the database 3 years after the customer transaction is closed or upon completion as determined by the Commissioner of any enforcement action pending 3 years after a customer transaction is closed, whichever is later.Mich. Admin. Code R. 487.2122