We need your input. We are deploying a survey today that asks 33 questions about how your institution is dealing with the impact of the lending compliance regulations that took effect in January, 2014. We're taking a snapshot in time. The survey, which is anonymous, will only be available for 24 hours. We are asking for the participation of every financial institution that uses BankersOnline. [One survey per institution, please.] Help us capture an accurate picture of where we are with lending compliance right now. We estimate you should be able to complete the survey in about 10 minutes depending on how familiar you are with your bank's products and history. Most questions are multiple choice with the last two asking for a short narrative. We appreciate your feedback.
We had a customer open an account "John Doe for Congress" with John and his wife Betty listed as signers. He has an EIN number. What ownership type should we select for this account? Our customer service rep selected joint account, but since he is using an EIN number I disagree. However, no other ownership type seems to fit either.