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CIP and Indirect Lending
What about the loan customers you never see? How do you identify them? You still need to determine the customer's identification and provide the customer with the CIP notice. Here are some things you can do.
How to CIP Your Loan Customer
The application and underwriting process has become casual - too casual. The information needed for CIP should be re-emphasized. Here's some advice, and a set of action steps, to ensure that you're in compliance.
Lending and Customer Identification Programs
With the advent of the new rule, are you aware, as a lender, of the five things that you will be required to do when a customer opens a new credit account? You'd better be.
Best of CIP Threads - Lending
For CIP week, we've scoured the Bankers' Threads to find the gems that pertain to CIP, contain useful advice and information, and shed light on the issues involved with this complex legislation. We've compiled these forum messages into a .pdf digest file for you to download. (Many of the discussions could have been placed into more than one category, so be sure and check the other main content sections. We recommend you download all six!)
Share a little CIP humor, or commiserate about your CIP frustration, by sending a quick ecard from the Office Humor section of the BOL ecard Exchange.
This 326 page will tell you about products and vendors who can assist you in implementing an effective Customer Identification Program under Section 326 of the USA PATRIOT Act.
What if you could find one location that would provide tools to help you with writing, checking, and implementing your CIP, identifying your customers, and satisfying the CIP notice requirements? You guessed it! We've done the work and organized the information for you. It's only a click away.
CIP Tools
Homeownership Counseling Is BACK!
It has come and gone more than once, but homeownership counseling is back on the books.
Compliance Thirty Years After Agnes
When you understand the spirit behind the flood regs, compliance becomes an easier task.
Adverse Action, ECOA, and FCRA
ECOA and FCRA seem to differ with respect to adverse action notices. How do we know when (and to whom) they should be given?
Fees For In-House Flood Determination
Are you allowed to charge a fee for an in-house flood determination that would be done by a loan officer?
Inadvertent Monitoring Information Collection
What are the issues if you unintentionally collect monitoring information when it's not warranted? Here's some good news.
Denial Forms For Debit Cards
When debit card applications are denied, we send out a loan denial form. Is this correct?
First published on BankersOnline.com 9/08/03
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