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#85143 - 06/04/03 03:50 PM Credit Consent Deposit?
Anonymous
Unregistered

Has anyone heard of this? What is it?

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#85144 - 06/04/03 04:02 PM Re: Credit Consent Deposit?
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,235
Galveston, TX
A required deposit perhaps? In what context is it used?
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#85145 - 06/04/03 04:18 PM Re: Credit Consent Deposit?
Anonymous
Unregistered

Okay - I recieved a little more information - the subject was "credit consents on the deposit side of the bank" Any ideas?

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#85146 - 06/04/03 04:22 PM Re: Credit Consent Deposit?
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,235
Galveston, TX
I feel like this is twenty questions.

Credit allowances for service charges on business accounts based on collected balances on deposit?????
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#85147 - 06/04/03 04:48 PM Re: Credit Consent Deposit?
Anonymous
Unregistered

Well, I FINALLY found out what it was about -people need to not truncate things so much. It was a Credit REPORT consent form for depositors. A bank with accounts from an opt-in state wanted to know if other local banks had adopted this practice. I had the feeling it was simple, but never would have gotten it from the original 4-word description.

Thanks!

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#85148 - 06/04/03 05:38 PM Re: Credit Consent Deposit?
Princess Romeo Offline

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Princess Romeo
Joined: Jun 2001
Posts: 8,272
Where the heart is
If you need a consent form to obtain credit reports on authorized signers, there is such a form in BOL Bankers Tools:
Credit Report Consent Form
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CRCM,CAMS
Regulations are a poor substitute for ethics.
Just sayin'

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