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#717202 - 04/17/07 01:50 PM Auto-decisioning Direct Loans and CIP
kitten Offline
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kitten
Joined: Jul 2006
Posts: 12,579
Not prison
I didn't see this posted before, so...

We want to start an Auto-Decisioning program for our Direct loans. We already have it for Indirect. Can someone point me to some definitive information about how to handle CIP for this? The Indirect side relies on their dealers.

I would imagine that, since the account is not officially open until consummation, the ID could still be presented/verified prior to signing the docs at the closing, but I want to provide documentation.

Thank you in advance!!!
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#719003 - 04/19/07 08:17 PM Re: Auto-decisioning Direct Loans and CIP kitten
Bailey. Offline
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Joined: Nov 2006
Posts: 4,558
Start with BSA section 121, USAPA section 326, and OFAC section 201.

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#719131 - 04/20/07 03:18 AM Re: Auto-decisioning Direct Loans and CIP kitten
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
What is auto-decisioning?
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