As we mentioned in our May Newsletter, we have developed a sample Servicemember’s Civil Relief Act Policy. We have also included, with the policy, sample SCRA procedures. The sample Policy is a simple, one-page statement of the bank’s overall policy for complying with the SCRA in general. The sample procedures are a template of the major provisions afforded to servicemembers under the Act and can be expanded to fit your financial institution’s specific needs.
Although there is no requirement to have a written, Board approved SCRA Policy; we believe it is prudent, given the current regulatory focus on military lending.
The SCRA Policy & Procedures are available now on the “free downloads” page of our website.
Deb joined Banker’s Compliance Consulting with twenty years of experience in the banking industry. Her past positions include teller, credit review analyst, assistant financial officer, BSA Officer, Compliance Officer, and Director of Compliance. She has worked for both a small community bank and a large billion-dollar bank.
Deb has Associate Degrees in Business Management and Accounting. She is a graduate of the American Bankers Association National Graduate School of Compliance Management, an honors graduate of Schools of Banking Compliance School, and a graduate of Schools of Banking Advanced School of Banking. Deb’s considerable knowledge and experience make her a valuable member of the Banker’s Compliance Consulting Team. Deb is a Certified Regulatory Compliance Manager (CRCM) and a Certified Anti Money-Laundering Specialist (CAMS).
Deb loves to spend her free time cycling, running, kayaking and weight lifting with her husband. Between them, they have three adult children and six grandchildren. Other interests include anything outdoors and anything she hasn’t done or seen yet!