How Frequently To File SARs
03/05/2001
How often does a bank have to file a SAR on continuing suspicious activity?
Linda Westfall is Excecutive Vice President of McCormack and Associates, inc., a company offering management solutions for the financial service industry.
Linda has 33 years of banking experience, and degrees in accounting and computer science. She worked in community banks for nine years and has been a consultant with MAI for 24 years. Her banking experience includes:
Linda received the Certified Bank Auditor designation in 1991 and the Certified Regulatory Compliance Manager designation in 1994.
You may contact Linda at: linda@mccorm.com or visit their Web site at http://www.mccorm.com
03/05/2001
How often does a bank have to file a SAR on continuing suspicious activity?
03/05/2001
Is anybody else having problems separating their business customers from individual customers for purposes of the initial privacy notice mailing? Our system does not allow us to easily make this distinction.
03/05/2001
Is a national bank required to furnish upon request a list of shareholders of the institution to any shareholder?
03/05/2001
Does Regulation Z apply to a loan to purchase rental property?
03/05/2001
Is a loan for personal debt consolidation which is secured by rental property covered by RESPA?
03/05/2001
I would like to confirm that the following companies are exempted nonaffiliated third parties under the new privacy regulations. My bank is a small community bank with no affiliates. Companies: Dunn and Bradstreet and TransUnion (business and consumer credit reports), Deluxe (check printing), ChexSystems (consumer DDA bad checks), and MasterCard/NYCE (credit/debit cards).
02/05/2001
In the context of a bank's balance sheet, how do you define "average capital employed"? Is it not the same thing as "average assets"?
02/05/2001
Help! We just crossed the magic threshold of having 50 employees. I am told this makes us subject to the affirmative action laws and requirements. Are there some common mistakes that companies typically make in the affirmative action area? We don't want to get nailed.
01/15/2001
We have an application for a loan to purchase a residence which is secured by another dwelling owned by the applicant. What do we record in the property location section of the HMDA LAR?
01/15/2001
There has been some question about the Required Service Providers List. Is this a list that is attached to all Good Faith Estimates or typed on the face of the Good Faith Estimate?