Tuesday, August 23, 2011

Suspicious Activity Report Requirements for Non-Bank Residential Mortgage Lenders and Originators

The Treasury Department's Financial Crimes Enforcement Network (FinCEN) is in the action of establishing the requirement for Suspicious Activity Report (SAR) filings for non-bank residential mortgage lenders and originators. Currently under the Bank Secrecy Act (BSA), only banks and financial institutions are required to file SARs. More information: click

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