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#2232967 - 03/13/20 08:31 PM Temporary Closure
Brandy Friesen, CRCM Offline
100 Club
Joined: Aug 2006
Posts: 136
Colorado
Can any one provide me guidance if we temporarly close the Loan Production Office, where customers only seen by appointment only. Do we need to notify the FDIC, and State Division of Banking?

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#2232968 - 03/13/20 08:36 PM Re: Temporary Closure Brandy Friesen, CRCM
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 78,967
Galveston, TX
You might need to contact your State Department of Banking and ask them whether official notification is required for a temporary closure.
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#2232969 - 03/13/20 08:40 PM Re: Temporary Closure Brandy Friesen, CRCM
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,639
The Country
Our state declared a state of emergency and our state regulator sent us an email stating we could close at anytime but asked that we send them an email informing them of our decision to do so.
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A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

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#2232973 - 03/13/20 08:51 PM Re: Temporary Closure Brandy Friesen, CRCM
Brandy Friesen, CRCM Offline
100 Club
Joined: Aug 2006
Posts: 136
Colorado
Thanks! I think that is the most prudent practice!

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