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Copy of Green Card in the Loan File

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Question: 
For an applicant that is not a U.S. citizen, Freddie Mac requires proof of employment authorization from the U.S. Immigration and Naturalization Service. I realize it is a violation of Reg B to keep a copy of a citizen's driver's license in the file but is it a violation to keep a copy of the employment authorization of a green card in the loan file?
Answer: 

No, it is not a violation. Also, it is not a violation to keep a copy of a driver's license in a loan file. Refer to the footnotes in the CIP section of the 7/06 version of the BSA/AML Examination Manual.

First published on BankersOnline.com 2/26/07

First published on 02/26/2007

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