Month: May 2022

SAFE Act Policy & Procedure Contents

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The Secure and Fair Enforcement for Mortgage Licensing Act of 2008(SAFE Act) was enacted on July 30, 2008, and mandates a nationwide licensing and registration system for residential mortgage loan originators (MLOs). The SAFE Act prohibits individuals from engaging in the business of a residential mortgage loan originator without first obtaining and maintaining annually Mortgage Read more about SAFE Act Policy & Procedure Contents[…]

Business Continuity Risk Assessment – For Banks

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It is always preferable to conduct business continuity risk assessment While performing the roundtable test of the financial institution’s business continuity plan. Below are 4 steps to risk assessment. Identify Disaster Scenarios — List the disaster scenarios to be included in the assessment. Few sample disaster scenarios are listed below. Fire near Institution. Possible explosion Read more about Business Continuity Risk Assessment – For Banks[…]