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#2263834 - 12/20/21 09:54 PM Integrated Funds Management System Notice?
ComplyCycle Offline
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ComplyCycle
Joined: Dec 2014
Posts: 454
Hi, is anyone familiar with an "Integrated Funds Management System Transfer" notice?

This document is provided on an account in which a HELOC that is set-up for overdraft protection is utilized after the account is overdrawn. This notice is provided each and every time the overdraft protection account kicks in, but I have never heard of this document nor can I determine why it's being provided.

Our borrower would like to not receive this document any longer. Before I can address that question, I have to understand why it's provided in the first place. Can someone please assist? Thank you.
Last edited by ComplyCycle; 12/20/21 10:00 PM.
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Operations Compliance
#2263837 - 12/20/21 10:06 PM Re: Integrated Funds Management System Notice? ComplyCycle
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
Sounds like something that your loan servicing system kicks out. Sort of like an advice of an automatic advance. It is not specifically required. Call your loan servicing system representative.
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#2263838 - 12/20/21 10:14 PM Re: Integrated Funds Management System Notice? ComplyCycle
ComplyCycle Offline
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ComplyCycle
Joined: Dec 2014
Posts: 454
Will do. Thank you.

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