FDIC Guidance Lists Three Requirements to Ensure Compliance with Spousal

FDIC guidance lists three requirements to ensure compliance with spousal signature rules include all of the following EXCEPT:

A) Review and revise policies Eliminate policies or procedures that are inconsistent with the requirements Expand loan policies and procedures to provide loan staff with specific guidance on state law(s) regarding requiring signatures Cover the laws of all states where the creditor institution does business Create checklists to address situations when spousal signatures can be required
B) Provide training to consumer and commercial loan staff
C) Implement monitoring and auditing programs to check for spousal signature violations
D) Must allow an applicant to designate a birth-given first name and a birth-given, surname, spouse's surname, or combination

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