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Recording Government Monitoring Information

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Question: 
I have a loan to four borrowers: a trust, one individual, second individual, second trust, listed in that order on the loan documents. How do I record the government monitoring information on these four borrowers?
Answer: 

Borrower 1 - Trust - 4 - 7 - 4

Borrower 2 - Individual - show the information provided

Borrower 3 - Individual - keep the information provided in file. It's not recorded on the LAR

Borrower 4 - Trust - 4 - 7 - 4 kept in file. It's not recorded on the LAR

First published on BankersOnline.com 11/15/10

First published on 11/15/2010

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Filed under lending as: 

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