RSK.IQ • Page 46 of 122 • RSK Compliance Solutions LLC

RSK IQ is our new online Compliance Question and Answer center, intended to provide a streamlined, effective, and faster way to have our best compliance experts answer your inquiries on relevant regulatory compliance matters. RSK.IQ is the quickest and smartest way to connect your compliance question with the right Subject Matter Expert on the topic. Rather than calling and asking or e-mailing a question to just any one consultant, RSK.IQ sends your inquiry to RSK's full family of compliance specialists, and matches your question to the best consultant on the topic.

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

Posted on April 9, 2018April 6, 2018 by RSK.IQ.Staff

Determining Insurable Value for Flood Insurance Coverage

Issue/Inquiry

How does a bank calculate total replacement cost for the purpose of determining the correct amount of flood insurance required?

RSK.IQ Question of the Week 4/2/18

Posted on April 2, 2018April 2, 2018 by RSK.IQ.Staff

Regulation P and Annual Privacy Notice

Issue/Inquiry

The Bank’s understanding is that there is no longer a requirement to send an annual privacy notice if the Bank has not made any changes to its privacy policy or does not share information, as well as if such notice is available on the Bank’s website. The Bank also understands that even though the law has changed to this effect, there are no final rules issued by the banking regulatory agencies implementing such. Is the Bank’s understanding correct? The Bank includes a message in periodic statements indicating that the privacy notice is available on the Bank’s website. Is the message on the periodic statement still required?

RSK.IQ Question of the Week 3/26/18

Posted on March 26, 2018March 23, 2018 by RSK.IQ.Staff

The Beneficial Ownership Rule and Trust Accounts

Issue/Inquiry

The Bank is preparing to comply with the new Beneficial Ownership Rules and is receiving mixed messages regarding family trust accounts. Do the Beneficial Ownership Rules apply to family trust accounts that do not register with the state?