Vendor Guru Q&A - Operations

Electronic Management of SAR Files

Latest Operations - Reg. B Topics

Reg B Appraisal Notices & Commercial Loans: Lien

02/19/2017

In regards to Reg B appraisal notices and commercial loans: does the loan need to be secured by a first lien on a dwelling for the notice requirements to apply or is it any dwelling secured loan - regardless of lien position? For example, an LLC is securing a commercial loan with a 2nd lien on a dwelling, do they get the appraisal notice or not?

Reg B Disclosure for Declined Applicant

05/04/2015

Reg B: Do you need to disclose the Bank's name and address to a declined business applicant?

Question & Answer

06/01/1995

Question: Can we make a photocopy of a driver's license and attach it to our signature card or application when we are opening an account?

Is the FFIEC BSA AML Exam manual up to date?

10/14/2018

Does the BSA Exam Manual and the BSA regulation match?

TIN on joint trust

10/14/2018

If there is more than one grantor/trustee, as in a joint trust, upon the death of the grantor whose SSN was used, can the SSN of the surviving grantor then be used?

Do you have a permissible purpose to pull that credit report?

10/14/2018

We were cited in our last exam for not having a permissible purpose to pull a credit report; however, I can’t find information in the regulation regarding permissible purpose. Where can I find this information?

Screwed-up account opening

10/14/2018

A new CSR opened an account and let the customer do all kinds of weird things with Pay on Death beneficiary designations that aren’t legal in our state. Now what?

Should A Bank Cash Check Made Payable to Corp?

10/14/2018

Should a bank cash a check made payable to a corporation or any business?

Latest Operations - Reg. B Topics

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