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#1952794 - 08/13/14 08:43 PM Core System Tracking
scb2011 Offline
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Joined: Mar 2011
Posts: 258
TN
Would there be a reason a bank should code loans subject to the John Warner, Talent Act so that a report listing those loans could be pulled? Does your bank code/do you recomend coding?

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Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#1952878 - 08/14/14 12:43 AM Re: Core System Tracking scb2011
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
How, when an auditor or the examiners ask you to produce such loans, are you going to do that unless they are coded in some manner?
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#1953237 - 08/14/14 08:24 PM Re: Core System Tracking scb2011
scb2011 Offline
Gold Star
Joined: Mar 2011
Posts: 258
TN
That is a reason I want to continue coding...Examiners and External Compliance Review Auditors will ask for a list. But that answer will not likely satisfy the employee questioning the procedure.

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#1953869 - 08/15/14 10:14 PM Re: Core System Tracking scb2011
Andy_Z Offline
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Andy_Z
Joined: Oct 2000
Posts: 27,752
On the Net
The code is a red flag, - "loans past due and subject to collection action/foreclosure."

"Oh, that's a military SCRA or Talent applicable loan, that needs some special handling..."

Codes are for more than auditors.
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