The OCC recommends all but one of the following actions to help prevent a national bank"™s purchasing or acquiring preda
Posted: Tue Mar 08, 2022 10:40 am
The OCC recommends all but one of the following actions to help prevent a national bank"™s purchasing or acquiring predatory or abusive loans. Which practice is
NOT recommended?
A. Establish policies on the bank"™s relationship with third-party brokers and originators
B. Review loan documentation
C. Audit the third-party broker
D. Require the broker to establish a reserve account for legal contingencies
NOT recommended?
A. Establish policies on the bank"™s relationship with third-party brokers and originators
B. Review loan documentation
C. Audit the third-party broker
D. Require the broker to establish a reserve account for legal contingencies