Vendor Guru Q&A - Compliance

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Latest Compliance - Signature/Signature Card Topics

Signature Card Compliance (FDIC)

03/24/2019

We need more information about compliance when it comes to signature cards. We use add and remove forms for account owners, signers, and beneficiaries when the owner wants to make changes after opening their account rather than printing a whole new signature card that all account owners would have to re-sign. Are these compliant with FDIC requirements when it comes to distinguishing what type of insurance coverage they would have?

Universal Signature Card for Multiple Accounts

07/08/2018

I am looking for a Universal Signature Card. Do you know if there are any banks using this type of document for customers with multiple accounts.

Who is a U.S. Person for tax reporting?

03/26/2017

If our customer has a Social Security number, do we mark “US Person” for tax reporting?

Physical Impairments When Signing Checks

01/31/2016

What are your experiences with customers whose physical impairments make it difficult for them to sign their checks? We have a customer who shakes badly when writing and signing and wanted to know if we should redraw the signature cards for his accounts. The banker assisting offered him some different options (facsimile signature stamp, signing with a "X") but ultimately didn't advise him to what he should do. We're just looking for some insight into these types of situations. We are in Missouri if that affects the situation in anyway.

TIN# Used On Bottom of Signature Card IOLTA/COLTAF

10/06/2014

Which TIN # is used on the bottom of Signature Card for a IOLTA and COLTAF account?

Regulation B: The Signature Conundrum

05/01/2004

Ever since Regulation B first went into effect in 1976, the practice of requiring or obtaining a signature from a person simply because he or she was married to the primary borrower has been illega

Transfer of Servicing Notice Signature Requirements

04/01/2004

by Lucy Griffin, BOL Guru
Guru Bios

Changing Signatures on CDs for CIP - Mary Beth Guard

03/29/2004

Changing Signatures on CDs for CIP
by Mary Beth Guard, BOL Guru

Checking Applicants and Signatures

03/01/2004

Under revised Regulation B, lenders must be able to demonstrate that multiple signers to credit - especially a husband and wife on a business loan - intended to be applicants and become obligated o

Determining the validity of ID

10/01/2003

Question: In our CIP training, there were lots of questions about how to determine whether an ID is valid. Do you have any tips on what to look for?

Payment Option- Payroll with a GIRO

10/20/2019

We have a customer living in Japan requesting to receive payroll with a GIRO. We are not familiar with this payment option and wondered how it works. What are the risks associated with this kind of transfer?

Guidelines/Regs on Reducing Open Hours of Bank

10/20/2019

Are there any regulations or guidelines for reducing the hours a branch can stay open?

Is a citizen of Puerto Rico a US Citizen for taxes?

10/20/2019

Is a citizen of Puerto Rico a US Citizen or a nonresident alien for tax purposes?

Do You Know the Main Benefit of the New Capital Rules?

10/20/2019

What is the primary benefit of the Community Bank Leverage Ratio (CBLR) Framework?

Case by Case Hold on the First $5,000?

10/20/2019

When placing a large deposit hold on an amount that exceeds $5,000, are we required to place a case by case hold on the first $5,000?

Latest Compliance - Signature/Signature Card Topics

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