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#1406682 - 06/22/10 05:06 PM Sorry for another CTR Question
SunnyFL, CRCM Offline
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Joined: Sep 2004
Posts: 205
FL
...but I can't seem to find the exact answer. If a customer brings in cash to purchase a cashier's check, we have them deposit it to their account first, then debit for the check (making a good paper trail). Question: If the amount is over $10,000 cash, would you mark the CTR (section II) as a deposit and MI purchase both? or just MI purchase? Thanks folks!

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#1406686 - 06/22/10 05:09 PM Re: Sorry for another CTR Question SunnyFL, CRCM
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
I doubt you'll find an official answer, but the reportable transaction that actually took place was a deposit. That's the box I would check. If the CTR makes someone curious enough to look at the account they will find the purchase of the offical check.
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#1406735 - 06/22/10 06:12 PM Re: Sorry for another CTR Question Elwood P. Dowd
SunnyFL, CRCM Offline
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Joined: Sep 2004
Posts: 205
FL
Thanks Ken, that makes sense. Appreciate the reply.

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