If a customer changes their name due to a marriage or divorce and we collect the appropriate documentation, why is it best practice to receive a new
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?
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.
If our customer has a Social Security number, do we mark “US Person” for tax reporting?
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.
Which TIN # is used on the bottom of Signature Card for a IOLTA and COLTAF account?
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
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