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Regulatory Compliance and Consultations
At Lindgren, Callihan, Van Osdol & Co., Ltd., we have been doing outsourced compliance work since 1984, before the term outsource was even coined. Why should you use LCV to handle your compliance requirements?
- Our personnel have over 50 years of combined banking experience.
- They have performed over 500 compliance consultations for banks ranging in size from de novos to $450,000,000.
- Tim Tedrick, who heads our department, is an Executive Officer at LCV. He speaks regularly at bankers' meetings and is an instructor in compliance for various compliance, real estate lending, consumer lending and advanced consumer lending schools. In addition to performing compliance consultations, Tim also handles onsite compliance training for bank management and employees.
- The scope of our work is similar to that performed by the examiners. Consumer Examination Procedures are part of our standard audit program. Custom modifications are made based upon the types of services and products you offer.
Services Available
One Day Compliance Consultation
- Concentrates on compliance in 16 general high-risk areas.
- Review of notes and file documents.
- Test for accuracy of APR calculations and correct completion of the Fed box, RESPA forms, and rescission forms.
- Examine documents and test for accuracy of APY disclosures.
- Interview employees.
- Results of our work would be discussed with management and department heads, but there is usually no written report.
Three Day Compliance Consultation
- Larger scope of coverage.
- Examine 35 areas within the Bank.
- Look at systems and procedures for compliance, risk, and efficiency.
- Results of our work would be discussed with management and department heads.
- Optional written report.
Quarterly Compliance Consultation
- Greater knowledge of how your compliance program is working.
- Increased scope of monitoring and sampling.
- Reduces the level of testing and monitoring you and your staff are performing.
- Instruction to your staff on the most efficient means of satisfying regulatory requirements.
- Ongoing information from us regarding pending regulatory changes and their effect on you.
- Results of our work would be discussed with management and department heads.
- Optional written report.
Contact Tim Tedrick to discuss your compliance consulting needs.
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