Funeral directors are required by the amended Funeral Rule to retain all price lists for a one year period from the date the price lists are last distributed. Therefore, if you update your price lists, you must retain old price lists for at least a one year period. Likewise, you must retain each Statement of Funeral Goods and Services Selected for a one year period from the date of the arrangement conference.
The purpose of the retention requirement is to provide the FTC with access to your price lists for enforcement purposes. After the one year time period has expired, you are free under the Funeral Rule to dispose of all outdated price documents and statements. However, please note that certain states may require a longer period of document retention. Prior to disposing of price documents, check your state law.
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