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#1625504 - 11/08/11 02:05 PM CIP
BankerChic24 Offline
Junior Member
Joined: Jul 2011
Posts: 45
Midwest
Can a driver's license copy be retained in a consumer loan file for CIP purposes?
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Lending Compliance
#1625711 - 11/08/11 04:49 PM Re: CIP BankerChic24
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,728
Florida
Sure it can, but why?

If the bank has a CIP file or if it can be maintained electronically, that might be better, and there it will not tick off some examiners who automatically think it was illegally used in the credit decision.
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