We allow our loan customer to make payments on their mortgage loans at select supermarkets. The payment may be in cash.

All payments are deposited into the supermarket’s bank and transferred to us by wire transfer.

Customer makes a loan payment of $11,000.00, supermarket is not subject to CTRs; who files the CTR:

1)The Supermarket’s Bank on the supermarket; or

2)Us on the customer

3)Non of the above

Thanks for the help. This is a new service for me, and I am not sure how to handle it.

BC78a (Paul)

The supermarket would have had to file Form 8300 either by paper http://www.irs.gov/pub/irs-pdf/f8300.pdf or electronically http://www.fincen.gov/news_room/nr/html/20120919.html.

The supermarket's bank would then be responsible for filing the CTR.

Thanks KW.