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#1193567 - 06/01/09 01:57 PM Copies of driver's licenses in files?
Nick Grant Offline
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Joined: Sep 2005
Posts: 108
I have been finding files with copies of driver’s licenses in them. I have been under the belief that we shouldn’t be keeping copies on file, what is your take on them?

Your comments will be appreciated.

Nick

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#1193606 - 06/01/09 02:41 PM Re: Copies of driver's licenses in files? Nick Grant
MagicCity Offline

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MagicCity
Joined: Apr 2003
Posts: 3,003
Fort Lauderdale, Florida
We keep them in our New Accounts Deposit files.
I know more and more banks are leaning towards not keeping copies...

It is not allowed on the Lending side however.

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#1193623 - 06/01/09 02:53 PM Re: Copies of driver's licenses in files? MagicCity
M Cockrell Offline
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M Cockrell
Joined: Jan 2003
Posts: 1,046
Dallas, TX
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"Remember no man is a failure who has friends." - Clarence (the Angel) Oddbody - It's a Wonderful Life

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#1193724 - 06/01/09 04:38 PM Re: Copies of driver's licenses in files? MagicCity
Buccs Offline
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Joined: May 2009
Posts: 3,567
Ohio
We have regulators in house now who were surprised we didn't have them in the file. I had told them I thought it could be a fair lending issue and that it just wasn't something that we did, but we document all of the relevant information. Our practices passed muster but did not seem to be an industry standard- we were surprised!

We do keep them all on file for deposit accounts, even though they have a tendancy to get stale in a hurry!

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