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#2297135 - 05/14/24 05:09 PM Loan Payments with same loan
Joni B. Offline
New Poster
Joined: Aug 2022
Posts: 7
What do you think about customers advancing money on a line of credit and making a payment with that advance?
Thoughts on how you view this and if your bank has some policy against it?

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BSA/AML/CIP/OFAC Forum
#2297136 - 05/14/24 05:11 PM Re: Loan Payments with same loan Joni B.
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,144
Galveston, TX
It hides the past due status. Also, a sure sign the borrower is in trouble.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2297137 - 05/14/24 05:20 PM Re: Loan Payments with same loan rlcarey
Joni B. Offline
New Poster
Joined: Aug 2022
Posts: 7
Yes I agree. What do you think the role of BSA would be in these situtations?

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#2297179 - 05/15/24 11:11 AM Re: Loan Payments with same loan Joni B.
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,144
Galveston, TX
It is a credit risk issue unless you believe there is something illegal going on.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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