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#2181772 - 06/14/18 02:15 PM Bank Protection Act - Alarm System
clinds Offline
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Joined: Sep 2017
Posts: 66
The regulation 21.3 states in part that: "(b)Each national bank shall have, at a minimum, the following security devices: (4) An alarm system or other appropriate device for promptly notifying the nearest responsible law enforcement officers of an attempted or perpetrated robbery, burglary or larceny;"

My question is does this apply to mortgage loan production offices. We have a mortgage loan production office in a commercial building and the rented out office does not have an alarm system in it. Is it necessary?

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Security - PUBLIC
#2181775 - 06/14/18 02:31 PM Re: Bank Protection Act - Alarm System clinds
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
other appropriate device

Does the commercial building not have any security? No security force present to ensure access after hours and monitor for break-ins. If someone walks in the front door when they are open, what are they going to steal - are phones not available to notify law enforcement? It is all based on risk.
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#2181781 - 06/14/18 02:43 PM Re: Bank Protection Act - Alarm System rlcarey
clinds Offline
Member
Joined: Sep 2017
Posts: 66
Thanks, I somehow overlooked the other appropriate device. I am not sure what the commercial building site has in place for security.

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