Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums BSA/AML/CIP/OFAC Forum Loan Payments with same loan
Thread Options
#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?

Return to Top
BSA/AML/CIP/OFAC Forum
#2297136 - 05/14/24 05:11 PM Re: Loan Payments with same loan Joni B.
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,530
Galveston, TX
It hides the past due status. Also, a sure sign the borrower is in trouble.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#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?

Return to Top
#2297179 - 05/15/24 11:11 AM Re: Loan Payments with same loan Joni B.
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,530
Galveston, TX
It is a credit risk issue unless you believe there is something illegal going on.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  Andy_Z