2021 TIMING RULES - CRCM Flashcards
Reg DD - how long must advertising records be kept?
2 Years
Once a OFAC match occurs, how many days does the bank have to notify the Treasury?
10 Days
Reg DD - If a change is adversely affecting the APY or terms, how many days before must the customer be notified in writing?
30 Days
CRA - if copies of the report are requested, how long does the bank have to provide?
5 Days
Reg E record retention is how long?
2 Years
When must the following year Call Report need to be available to the public?
March 31st
Reg B - How long does the bank have to notify the customer of their right to receive a free copy of the appraisal?
3 Days
How many days before forced placed insurance is enacted?
Placed if a 45 day lapse and a warning letter must be sent
Reg B - The appraisal must be delivered or mailed how many days prior to closing?
3 Days
CRA - How many days from when a notice is published can the public solicit written comments?
30 Days
If a Branch is closing, how many days before must the bank notify the agency with their intent and hold a hearing.
Within 60 Days
When a customer applies for a HELOC, how long does the bank have to provide the disclosures if they weren’t given in person?
3 Days
of days before a Branch closes must the notice be posted.
30 Days
Reg E - How many days prior must the customer be notified of a change in the terms?
21 Calendar Days
BSA - How many days after a exemptible transaction must the FinCEN 10 form be filed?
30 Days
PEL - How many days does the customer have to rescind prior to funding?
3 Days
Reg Z - How long must records be kept?
2 Years
When must the OFAC Blocked Property Report be submitted?
By September 30th with data from June 30th
The Notice of Special Flood Hazards must be acknowledged in writing and provided to the customer how many days before closing?
10 Days
How often does a SAR need to be re-filed?
Every 90 days
If a Branch is closing, how many days before must customers be notified?
90 Days
The Closing Disclosure needs to be received by the customer how many days before loan consummation?
3 Days
How often must a Money Services Business re-register?
Every 2 years
How long must the Do Not Call List be honored?
5 years
How long is BSA record retention?
5 years
If a Brach is closing, how may days before must regulators be notified?
90 Days
Within what timeframe must a CTR be filed once the transaction occurred?
15 Days
BSA - How long must you be a customer before an exemption can be taken.
2 Months
How often must the DNC list be checked?
every 3 days
Reg DD - How many days before the date of a change to a deposit account must a Change in Terms Notice be sent?
30 Days
Reg CC - How long is an account considered new after OPENING?
30 Days
The Loan Estimate must be delivered at least how many days before consummation of the loan?
7 Days
When an ARM is requested, how long does the bank have to get the CHARM in the mail?
3 Days
CRA - When does it need to filed and when does it need to be made available to the public.
March 1st and March 31st
BSA - If banks are in agreement to share information, how long is the notice filed with FinCEN good for?
1 Year
Reg Z - How many days before a Change in Term Notice needs to be sent?
30 Days - and then 45 days
IF a HITECH breach occurs, how many days before a notification is sent?
60 Days
EFT - How many days before a scheduled transfer must the stop payment be inacted?
3 Days
Reg CC - How many days must a notice be provided if the change is a detriment to the customer?
30 Days
BSA - # of days to file an exemption.
30 Days
If a Reg CC exception is taking, how many additional days can be taken before they are available?
5 Days for a total of 7
Reg Z - For open-end credit - how many days before a change in terms notice need to be sent?
45 Days
of days from when an application is taken until an Adverse Action letter must be sent.
30 Days
Reg CC - How many days before a change in the funds availability policy, must a written notice be provided?
30 Days
When a customer submits an application, how long does the bank have to deliver the Loan Estimate by mail.
3 Days
If the Loan Estimate is revised, how long does the bank have to provide a new one after the event that caused the change?
3 Business Days
When a search warrant is served, how long does the agency have before the customer is notified by mail?
90 days - but the court can delay it up to 180 days
