We have backing lines attached to our Letters of Credit. Most of our backing lines are secured however, the letters of credit are unsecured. We have been told by our core vendor we must attach a backing line. Questions is, do we report the backing lines that are secured based on the collateral when reporting the call report code or do we report in 4A with the Letter of Credit that is unsecured? We haven't found any definitive answers but we want to make sure we are reporting correctly.
What are some common types of documents that contain barcoded information?
How can barcoded loan documents expedite the indexing process?
What is an ROV? I have not heard of this term before!
Are you one of the 1,700 HMDA reporting institutions that was required to start collecting and reporting data in 2023? Here’s where to start.