Onboarding Commercial Borrowers
September 25: Kingsport
September 26: Knoxville
Early Registration Deadline: September 15, 2017
NOTE: The Jackson and Nashville locations have been canceled.
Contact Debbie Brickles for more information.
This Tennessee-specific program is specifically designed for loan officers and lending support staff. Its purpose is to ensure that those responsible for onboarding new borrowers understand the information and documentation required when making a loan to a new borrower. This three-hour program takes place from 1 to 4 p.m.
Under the Bank Secrecy Act, a loan is an account, and a new borrower is subject to the bank’s Customer Identification Program (CIP) and Customer Due Diligence (CDD) program. Loan officers and lending support personnel are required to impose the bank’s programs as approved by the bank’s board of directors when making a loan to a new borrower. In some instances, the bank’s CIP and CDD are applicable to existing customers applying for a new loan, or making changes to an existing loan.
Why attend this program?
• BSA compliance is the responsibility of all bank employees.
• Nonadherence to bank programs carries personal liability for bank staff.
• As of May 11, 2018, compliance with the new CDD regulations is mandatory, and the bank’s CDD program is the “fifth pillar” of the bank’s BSA program; noncompliance can result in automatic enforcement actions by federal regulators.
• Participation in this program is the best way to get your lending staff up to speed with the new requirements.
12:30 p.m.: Registration
1:00 p.m.: Program begins
4:00 p.m.: Program adjourns
Continuing Education Credit:
3 hours CPE credit
This program has not been pre-approved for ICB CE credits. Attendants who require ICB credits should go to http://www.aba.com/Training/ICB/Pages/default.aspx for further instructions.
|TBA Members / Associate Members||Nonmembers|
|Early registration deadline is September 15, 2017|