Question:
I have a list of reasons for denial on a loan, but is there a separate list of reasons for denying a deposit that are standard reasons? Answer: Unfortunately, there is not a model list of reasons for deposit accounts. The bank may be able to modify some of the reasons in the model forms for credit accounts though, and you can find those in Regulation B here: https://www.consumerfinance.gov/policy-compliance/rulemaking/regulations/1002/C/ Comments are closed.
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March 2020
CategoriesCompliance Alliance offers a comprehensive suite of compliance management solutions.
To learn how to put them to work for your bank, call (888) 353-3933 or email info@compliancealliance.com. |