RSK.IQ.Staff, Author at RSK Compliance Solutions LLC • Page 39 of 122

RSK.IQ Question of the Week 9/4/18

Posted on September 4, 2018September 4, 2018 by RSK.IQ.Staff

SAR and Reporting Thresholds

Issue/Inquiry

What are the SAR reporting thresholds for fraudulent transactions?

RSK.IQ Question of the Week 8/27/18

Posted on August 27, 2018August 24, 2018 by RSK.IQ.Staff

HMDA and Reporting Requested Loan Terms

Issue/Inquiry

What loan term should be reported on the HMDA LAR for a loan that was declined? In this case, the customer had applied for a loan with a 120-month maturity, but the credit department made its decision based on its counter-offer of a loan with a 240-month maturity.

RSK.IQ Question of the Week 8/20/18

Posted on August 20, 2018August 17, 2018 by RSK.IQ.Staff

Beneficial Ownership and an Incorporated Religious Organization

Issue/Inquiry

One of the Bank’s customers is an incorporated religious organization which is controlled by a board of three trustees. Who would be the beneficial owner of such an organization?