2021 TIMING RULES - CRCM

Question 1

Reg DD - how long must advertising records be kept?

Answer 1

2 Years

Question 2

Once a OFAC match occurs, how many days does the bank have to notify the Treasury?

Answer 2

10 Days

Question 3

Reg DD - If a change is adversely affecting the APY or terms, how many days before must the customer be notified in writing?

Answer 3

30 Days

Question 4

CRA - if copies of the report are requested, how long does the bank have to provide?

Answer 4

5 Days

Question 5

Reg E record retention is how long?

Answer 5

2 Years

Question 6

When must the following year Call Report need to be available to the public?

Answer 6

March 31st

Question 7

Reg B - How long does the bank have to notify the customer of their right to receive a free copy of the appraisal?

Answer 7

3 Days

Question 8

How many days before forced placed insurance is enacted?

Answer 8

Placed if a 45 day lapse and a warning letter must be sent

Question 9

Reg B - The appraisal must be delivered or mailed how many days prior to closing?

Answer 9

3 Days

Question 10

CRA - How many days from when a notice is published can the public solicit written comments?

Answer 10

30 Days

Question 11

If a Branch is closing, how many days before must the bank notify the agency with their intent and hold a hearing.

Answer 11

Within 60 Days

Question 12

When a customer applies for a HELOC, how long does the bank have to provide the disclosures if they weren’t given in person?

Answer 12

3 Days

Question 13

of days before a Branch closes must the notice be posted.

Answer 13

30 Days

Question 14

Reg E - How many days prior must the customer be notified of a change in the terms?

Answer 14

21 Calendar Days

Question 15

BSA - How many days after a exemptible transaction must the FinCEN 10 form be filed?

Answer 15

30 Days

Question 16

PEL - How many days does the customer have to rescind prior to funding?

Answer 16

3 Days

Question 17

Reg Z - How long must records be kept?

Answer 17

2 Years

Question 18

When must the OFAC Blocked Property Report be submitted?

Answer 18

By September 30th with data from June 30th

Question 19

The Notice of Special Flood Hazards must be acknowledged in writing and provided to the customer how many days before closing?

Answer 19

10 Days

Question 20

How often does a SAR need to be re-filed?

Answer 20

Every 90 days

Question 21

If a Branch is closing, how many days before must customers be notified?

Answer 21

90 Days

Question 22

The Closing Disclosure needs to be received by the customer how many days before loan consummation?

Answer 22

3 Days

Question 23

How often must a Money Services Business re-register?

Answer 23

Every 2 years

Question 24

How long must the Do Not Call List be honored?

Answer 24

5 years

Question 25

How long is BSA record retention?

Answer 25

5 years

Question 26

If a Brach is closing, how may days before must regulators be notified?

Answer 26

90 Days

Question 27

Within what timeframe must a CTR be filed once the transaction occurred?

Answer 27

15 Days

Question 28

BSA - How long must you be a customer before an exemption can be taken.

Answer 28

2 Months

Question 29

How often must the DNC list be checked?

Answer 29

every 3 days

Question 30

Reg DD - How many days before the date of a change to a deposit account must a Change in Terms Notice be sent?

Answer 30

30 Days

Question 31

Reg CC - How long is an account considered new after OPENING?

Answer 31

30 Days

Question 32

The Loan Estimate must be delivered at least how many days before consummation of the loan?

Answer 32

7 Days

Question 33

When an ARM is requested, how long does the bank have to get the CHARM in the mail?

Answer 33

3 Days

Question 34

CRA - When does it need to filed and when does it need to be made available to the public.

Answer 34

March 1st and March 31st

Question 35

BSA - If banks are in agreement to share information, how long is the notice filed with FinCEN good for?

Answer 35

1 Year

Question 36

Reg Z - How many days before a Change in Term Notice needs to be sent?

Answer 36

30 Days - and then 45 days

Question 37

IF a HITECH breach occurs, how many days before a notification is sent?

Answer 37

60 Days

Question 38

EFT - How many days before a scheduled transfer must the stop payment be inacted?

Answer 38

3 Days

Question 39

Reg CC - How many days must a notice be provided if the change is a detriment to the customer?

Answer 39

30 Days

Question 40

BSA - # of days to file an exemption.

Answer 40

30 Days

Question 41

If a Reg CC exception is taking, how many additional days can be taken before they are available?

Answer 41

5 Days for a total of 7

Question 42

Reg Z - For open-end credit - how many days before a change in terms notice need to be sent?

Answer 42

45 Days

Question 43

of days from when an application is taken until an Adverse Action letter must be sent.

Answer 43

30 Days

Question 44

Reg CC - How many days before a change in the funds availability policy, must a written notice be provided?

Answer 44

30 Days

Question 45

When a customer submits an application, how long does the bank have to deliver the Loan Estimate by mail.

Answer 45

3 Days

Question 46

If the Loan Estimate is revised, how long does the bank have to provide a new one after the event that caused the change?

Answer 46

3 Business Days

Question 47

When a search warrant is served, how long does the agency have before the customer is notified by mail?

Answer 47

90 days - but the court can delay it up to 180 days