Well-using the acronyms for which this industry is famous, here is part of a quote from an article on the subject of Flood Insurance:
Question: Our bank recently placed an exception hold on a large deposit made by a fairly new customer.
In 1995, more than 70,000 criminal referrals were filed.
Question:We recently decided to change our hold policies. Do we have to send our customers a complete new disclosures or can we send information about the changes?
Question: Our HMDA LAR shows a drop in activity from last year. Will this be a concern in our next examination?