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#174010 - 03/26/04 06:08 PM
Hot topics for examiner scrutiny
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Anonymous
Unregistered
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Is there a list out there for the hot buttons for examiners?
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#174011 - 03/26/04 06:13 PM
Re: Hot topics for examiner scrutiny
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10K Club
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
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Fair lending BSA Patriot Act Compliance risk assessment to name a few...
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Get your facts first, then you can distort them as you please. - Mark Twain
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#174012 - 03/26/04 07:56 PM
Re: Hot topics for examiner scrutiny
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10K Club
Joined: Nov 2002
Posts: 20,656
The Swamp
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GLB Act Flood
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My opinion only. Not legal advice. Say you'll haunt me - Stone Sour
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#174013 - 03/26/04 08:07 PM
Re: Hot topics for examiner scrutiny
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100 Club
Joined: Sep 2003
Posts: 196
I have fallen down the rabbit ...
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We have the FDIC headed our way in a week for Safety and Soundness.. any last minute thoughts?
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Some days, it is all a mystery to me.
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#174014 - 03/26/04 08:09 PM
Re: Hot topics for examiner scrutiny
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Anonymous
Unregistered
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#174020 - 03/29/04 05:42 PM
Re: Hot topics for examiner scrutiny
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Diamond Poster
Joined: Jun 2001
Posts: 1,543
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#174021 - 03/29/04 07:04 PM
Re: Hot topics for examiner scrutiny
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Gold Star
Joined: Oct 2003
Posts: 473
the Bat Cave
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FYI - for safety and soundness, make absolutely sure that you understand the concept of an "impaired" loan and have some monitoring process in place to determine if it applies to your portfolio.
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#174024 - 03/29/04 08:51 PM
Re: Hot topics for examiner scrutiny
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10K Club
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
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David, I am pretty sure the reference is to the Flood Disaster Protection Act.
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Get your facts first, then you can distort them as you please. - Mark Twain
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#174026 - 03/29/04 10:01 PM
Re: Hot topics for examiner scrutiny
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Anonymous
Unregistered
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"Impaired Loan" definition Thanks
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#174028 - 03/30/04 07:18 PM
Re: Hot topics for examiner scrutiny
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Anonymous
Unregistered
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Examiners recently looked at appraisal standards and RESPA, specifically, required providers and relationships.
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#174031 - 03/30/04 10:52 PM
Re: Hot topics for examiner scrutiny
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Anonymous
Unregistered
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Let's talk CRA. I thought they HAD TO BEGIN THE EXAM before the federally mandated date. Are you sure you had missed the exam date last year? Do you know your agencies timeframes (absolute drop-dead dates)? For example, I believe for FDIC small bank with a Sat. can go five years (BUT NOT A DAY LONGER) between the new start date and the date of the previous CRA exam date. For us it has been approx. 4 years and 7 months since the date of the last CRA exam and FDIC told us they HAVE to start our next one by August 1, 2004. They always seem to be scrambling to get these done under the wire........My last regulator was the Fed and also they seemed to be racing to meet those deadlines......
All comments welcome!
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#174034 - 03/31/04 02:34 PM
Re: Hot topics for examiner scrutiny
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100 Club
Joined: Oct 2002
Posts: 204
Arkansas
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Quote:
Our FDIC compliance/cra exam was due for the third quarter of last year. Has anyone heard of them being late by several months? The President asks me almost daily if I have heard anything and I assure him that he will know before me.....but he keeps asking.
Our OCC exam was also scheduled for the 3rd quarter last year. They came to the bank and completed it this past February.
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