Closed Caption Transcripts - Saved when meeting not recorded?

Hi everyone,

A client of mine would like to use the Closed Caption setting to save a copy of the meeting transcript. Due to the nature of their business, they will not be recording the meetings, they only want a transcript for reference. 

We need to know if Zoom retains a copy of transcripts that were created using the closed captioning function when meetings were NOT recorded. 

Does anyone know the answer to this?? 

Thanks in advance!