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#448639 - 10/27/05 10:24 PM loan payments by phone
figgy0923 Offline
Member
Joined: Oct 2005
Posts: 58
indiana
Our collections manager has requested to be able to accept checks over the phone for the purpose of making a loan payment. This is something that we have never done and I really don't know where to start in finding guidance. Is this something that others do and if so, does anyone know the requirements. Thanks for any help!!

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#448640 - 10/28/05 10:01 PM Re: loan payments by phone
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
We don't do this and I have never done any research on it. I'd start by calling the DFI and asking for the banking division.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#448641 - 11/01/05 06:35 PM Re: loan payments by phone
figgy0923 Offline
Member
Joined: Oct 2005
Posts: 58
indiana
Thank you! I will give them a call.

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