TX State Law Assignment 2 of 2

Rich was working on a surprise for Liberty Loans’ owner, Monica. See, Monica had been on vacation for two weeks, and Rich was cleaning up the company’s files as a surprise for her when she returned to the office. And, she was due back in two days!

Sure, there might be a little ambition mixed in to his motives, but Rich really is just that much of a pleaser. He likes to make people happy

Rich cleared as much off of his plate as possible so he could focus on his covert “spring cleaning” of Liberty Loans’ files. He was keeping the project as quiet as he could to keep it a surprise. So, he told as few people as possible about it.   

The good news was that, over time, Rich and his colleagues had amassed quite a roster of clients. They had amassed so many, in fact, that they no longer had room in the office for all of the hard copies of their files. Even the company hard drives were filled to the brim with mostly unique files. It is a good problem to have!

Rich’s first move was to separate out the files that were more than three years old (the cutoff for file retention in Texas). He shredded and discarded any hard copies of files that were older than that, and deleted any files that were beyond that age. But that did not make as much room either in the office or on the hard drives as he had expected.

So, he decided to rent a secure storage unit to pack away hard copy files that were at least a year old, and he bought four more external hard drives to make more virtual room for digital files. Sure, all of this was on his dime, but he figured Monica would be really happy with the job and the company would probably reimburse him for everything, anyway. And, even if they didn’t, Rich could shoulder some of the burden. After all, Monica and Liberty Loans had been good to him, and he felt he owed them.

Now, in the space below, take some time to answer this question:

Coupling the details of the case study we just covered with what you know about the Texas state law from this section of the course, what would you have done differently from Rich? 

Please post your answer in the Comments section below.  Students should post directly to the Blog!  If you have any problems posting your assignment to the Blog (due to firewall issues etc.), you may send your answer directly to the instructor via email at oil@mymortgagetrainer.com  

After you complete this assignment, you may continue in your course.





www.mymortgagetrainer.com