For how long must the title insurer maintain the audit documentation from on-site reviews?

The correct duration for how long a title insurer must maintain audit documentation from on-site reviews is four years. This requirement exists to ensure compliance with regulatory standards and to facilitate ongoing oversight and accountability within the title insurance industry. Retaining this documentation for four years allows for adequate periods of review and helps protect against potential disputes or misunderstandings that may arise after transactions have been completed. Additionally, this timeframe aligns with typical regulatory practices across various financial services, enabling both the title insurer and regulatory bodies to maintain a comprehensive history of compliance activities related to audits.