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#2075718 - 04/26/16 05:00 PM SAR Calculation Amount
aklynn Offline
New Poster
Joined: Feb 2015
Posts: 8
Hi All,

I need a little help determining the best amount to use for a SAR. It is a loan fraud/forgery situation.

Example:
1) A loan for $50,000 was made "Loan A". Payments were paid for two years.
2) A loan for $75,000 was made "Loan B" where the balance of the previous loan "Loan A" was paid off and the remaining funds were deposited into a checking account. Payments on the new loan were paid for two years.
3) A loan for $100,000 was made "Loan C" where the balance of the previous loan "Loan B" was paid off and the remaining funds were deposited into a checking account. This loan was found to be suspicious and research found the previous two loans.

Would you consider the amount of suspicious activity for the SAR to be $50,000 + $75,000 + $100,000 = $225,000?
Or, the total amount of the highest loan (since the first two were paid off from subsequent loans) = $100,000?
Or, another amount?

Just trying to make sure I'm thinking this through. Any help would be greatly appreciated!

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#2075739 - 04/26/16 06:12 PM Re: SAR Calculation Amount aklynn
TXBSA Offline
100 Club
Joined: May 2006
Posts: 170
TX
Is each loan fraudulent? Are documents for each loan forged?

If each of the loans are suspicious then I would add the amounts together and report the total of $225,000.

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#2075748 - 04/26/16 06:29 PM Re: SAR Calculation Amount aklynn
aklynn Offline
New Poster
Joined: Feb 2015
Posts: 8
Yes, each loan is fraudulent with documents forged.

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