Yup, that time.....I need to do the MLA audit. I've gone through the rule, the FAQs and our procedures. Now....one of our branches is located near a national guard unit. There are FT active-duty servicemembers that work there and then there are the folks that train there periodically. During my decades in banking, there have been times when those reservists would come into the Bank, usually in a big group, with orders showing that they were headed somewhere. But there are also a number of active-duty servicemembers that are members of the USAF, full-time.
Our procedures state that we are relying on a report from a CRA to determine the applicability of the MLA. I would expect to see a credit report for a regular member of the USAF stationed at our guard unit to show as an active servicemember. Does that sound correct?