The OCC recommends all but one of the following actions to help prevent a national bank's purchasing or acquiring predat
Posted: Thu Jul 21, 2022 8:50 pm
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