Answer:
CIP doesn't treat loan customers any differently from any other customer. This may be a useful discussion.
First published on BankersOnline.com 08/18/03
CIP & Mortgage Lenders
Question:
The CIP ruling did not specifically address the mortgage lenders. How can we or when should we identify customers on mail applications, telephone applications or when the loan is being handled by a representative with a power of attorney and the borrower cannot be present?
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