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BankersOnline.com Forums State-Specific Compliance Issues South Carolina Loan secured by a savings account in our bank.
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#2237050 - 05/20/20 06:25 PM Loan secured by a savings account in our bank.
wob Offline
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Joined: Apr 2010
Posts: 4
Would that required an assignment of the account, filing a UCC, or both?

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#2237051 - 05/20/20 06:32 PM Re: Loan secured by a savings account in our bank. wob
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,350
Galveston, TX
A valid security instrument and possession at your own institution is all that is required.
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#2237060 - 05/20/20 08:14 PM Re: Loan secured by a savings account in our bank. wob
wob Offline
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Joined: Apr 2010
Posts: 4
Thanks. Appreciate it, as always.

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