Bankers Threads
Click to return to BOL home page
Banker Store Read A Reg BOL Insiders Career Connect Learning Connect Bankers Information Network

Learn more about

MEMBERS


















Have a Question?
Looking for a
Product or
Service?

Our Vendor
Advisory Board









IMPORTANT!
BankersOnline SURVEY
Today only - a quick 33 questions
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.
Click NOW to complete the survey.

Topic Options
#970812 - 06/06/08 12:23 PM Political Campaign Accounts
krose Offline
Member

Registered: 06/06/08
Posts: 53
Loc: TN
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.

Top
#970858 - 06/06/08 12:58 PM Re: Political Campaign Accounts [Re: krose]
rlcarey Offline
10K Club

Registered: 07/16/01
Posts: 50412
Loc: Galveston, TX
Typically, campaign accounts have very specific rules. First you would have to determine if this a Federal or State campaign and refer to the correct rules.
_________________________
The opinions expressed are my own, take them or leave them.

Top
#999838 - 07/19/08 09:21 AM Re: Political Campaign Accounts [Re: rlcarey]
nemoomen Offline
100 Club

Registered: 08/18/05
Posts: 193
Loc: WI
Randy,

Where would I find the regulations governing a Federal Campaign's Account? Thank you!

Top
#999923 - 07/20/08 09:38 AM Re: Political Campaign Accounts [Re: nemoomen]
rlcarey Offline
10K Club

Registered: 07/16/01
Posts: 50412
Loc: Galveston, TX
Here is a resource for you:

http://www.fec.gov/law/feca/feca.pdf
_________________________
The opinions expressed are my own, take them or leave them.

Top
#1000364 - 07/21/08 11:42 AM Re: Political Campaign Accounts [Re: rlcarey]
nemoomen Offline
100 Club

Registered: 08/18/05
Posts: 193
Loc: WI
Thank you!

Top


Moderator:  Jack/Pegasus, Ken_Pegasus