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#547358 - 05/12/06 05:31 PM Kiting Letter
Gigi2Three Offline
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Gigi2Three
Joined: Mar 2004
Posts: 277
Does anyone have a letter they send when closing an account due to suspected check kiting?

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Operations Compliance
#547359 - 05/12/06 06:02 PM Re: Kiting Letter
OkieOps Offline
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OkieOps
Joined: May 2001
Posts: 752
OK
My letter just states that "due to the way the account is being handled, we feel it is best to discontinue the account relationship." They pretty well know what you are talking about and quietly go away.

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#547360 - 05/12/06 06:18 PM Re: Kiting Letter
Kathleen O. Blanchard Offline

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Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
Same here. Banks generally say they don't like the way the account is being handled.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#547361 - 05/12/06 07:40 PM Re: Kiting Letter
Gigi2Three Offline
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Gigi2Three
Joined: Mar 2004
Posts: 277
Thanks much!

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#547362 - 05/12/06 08:22 PM Re: Kiting Letter
RVFlyboy Offline
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RVFlyboy
Joined: Oct 2000
Posts: 5,992
Soaring over Georgia
See this thread especially the last post from Ken_Pegasus.
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Jim Bedsole, CRCM, CBA, CFSA, CAFP
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