FDIC FIL-95-2020 Bank Secrecy Act: Customer Identification Program Rule Exemption for Insurance Premium Finance Loans

October 09, 2020

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The FDIC, FRS, OCC, and NCUA, in conjunction with FinCEN, rant an exemption from the requirements of the customer identification program (CIP) rules for loans extended by banks and their subsidiaries to all customers to facilitate purchases of property and casualty insurance policies.

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