Sentences with phrase «require financial institutions»

Transactions exempt from the appraisal requirement would instead require financial institutions to obtain an evaluation.

Regulations like The Dodd - Frank Wall Street Reform and Consumer Protection Act, the Volcker rule, and The Housing and Economic Recovery Act of 2008 require financial institutions to secure stronger capital and liquidity positions, and have spawned new regulatory bodies like the Consumer Financial Protection Bureau (CFPB).

The commenter suggested that the privacy regulation should not require financial institutions to provide additional notice.

L. 106 - 102, which included provisions, section 501 et seq., that limit the ability of financial institutions to disclose «nonpublic personal information» about consumers to non-affiliated third parties and require financial institutions to provide customers with their privacy policies and practices with respect to nonpublic Start Printed Page 82484personal information.

It has been suggested to me, at a couple of levels of hearsay, that that «the US government had to implement a provision to require the financial institutions to accept electronic signatures on agreements of purchase and sale [of land] for the purposes of financing.»

Pew urges the Consumer Financial Protection Bureau to require financial institutions to make overdraft programs safer and more transparent by ensuring that consumers understand their options for overdraft coverage.

Require financial institutions to provide account holders with clear, comprehensive terms and pricing information for all available overdraft options.

Are there back - end processes and requirements that require financial institutions to pass off the loss to consumers as a fee?

As amended, Section IV (b) of PTE 84 - 24 requires Financial Institutions to obtain advance written authorization from an independent plan fiduciary or IRA holder and furnish the independent fiduciary or IRA holder with a written disclosure in order to receive commissions in conjunction with the purchase of insurance and annuity contracts.

The exemption requires Financial Institutions to provide contract disclosures and contracts to Retirement Investors (Section II), adopt written policies and procedures (Section IV), make disclosures to Retirement Investors and on a publicly available Web site (Section IV), maintain records necessary to prove they have met the PTE conditions (Section V).).

As amended, Section III of the PTE requires Financial Institutions to make certain disclosures to plan fiduciaries and owners of managed IRAs in order to receive relief from ERISA's and the Code's prohibited transaction rules for the receipt of commissions and to engage in transactions involving mutual fund shares.

Section V of PTE 84 - 24, as amended, requires Financial Institutions to maintain records necessary to demonstrate that the conditions of the PTE have been met.

The law required financial institutions to carry larger financial cushions and submit to regular «stress» tests to assess their stability, and it set out rules for their liquidation should they fail.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan.

The Act requires financial institutions to report suspicious transactions to regulators.

Such a threshold would require a financial institution to certify the sale by agents but IMOs are not considered financial institutions, although the DOL is considering how best to offer IMO's a pathway to becoming such institutions.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

In 2009, the state required financial institutions that are awarded a judgment of foreclosure to maintain the property.

The credit lock service adds a layer of protection to the client's credit report requiring financial institutions to obtain a PIN number from the client in order to check their credit report.

USA Patriot Act Customer Identification Program Notification: Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account, in order to help the government fight the funding of terrorism and money laundering activities.

Important information about procedures for opening a new account: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

The CRS requires Financial Institutions to collect and report Financial Account information on foreign tax residents (Reportable Accounts).

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT - To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

CRS requires financial institutions to identify clients with tax residency outside of Canada and the U.S. and to report these clients and their account information to the Canada Revenue Agency (CRA).

The Fair Credit and Charge Card Disclosure Act (FCCCDA), enacted in 1988, requires financial institutions and businesses to disclose vital information when issuing new credit cards.

The proposed legislation makes private student loan rehabilitation terms consistent with federal student loans and requires financial institutions to automatically seek correction of a borrower's credit history once a successful rehab has been completed.

The CARD Act requires financial institutions and businesses to disclose vital information when issuing new credit cards.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person or entity who opens an Account.

Regulation CC requires financial institutions to inform a customer when a check hold has been placed.

Note that when you make a RRIF withdrawal above the minimum requirement, Revenue Canada requires your financial institution to withhold tax at the time of withdrawal

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

The USA PATRIOT Act requires financial institutions, including the Funds, to adopt certain policies and programs to prevent money - laundering activities, including procedures to verify the identity of customers opening new accounts.

To help the government fight the funding of terrorism and money laundering activities, U.S. Federal law requires financial institutions to obtain, verify, and record information that identifies each person (individual or business) who opens an account.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account.

Section 326 of the USA PATRIOT ACT requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account or changes an existing account.

Patriot Act Notice: Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account, including your name, address, date of birth and other information that will allow us to verify your identity.

The CRS, introduced by the Organisation for Economic Co-operation and Development (OECD) as part of an effort to address offshore tax evasion, requires financial institutions to report to their government certain information about financial accounts held by non-residents.

Comments: One commenter noted that the Financial Services Modernization Act, also known as Gramm - Leach - Bliley («GLB»), requires financial institutions to provide detailed privacy notices to individuals.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who obtains a loan.

Venmo was also found to violate the Gramm - Leach - Bliley Act's Safeguards Rule, which requires financial institutions to have safeguards that protect the «security, confidentiality, and integrity of customer information,» and Privacy Rule, which requires the delivery of privacy notices to customers.

To assist the government in fighting the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account with us.

On social media, commentators and Indian users rallied to show their opposition to the move, which also requires any financial institutions currently servicing virtual currency businesses to «exit their relationship» within three months.

Now, major credit card providers American Express, Visa, MasterCard and Discover are requiring financial institutions and retailers to switch to microchipped credit cards, which use encryption technology to protect the card's data.

Not exact matches

Those federal rules, which double down on restrictions adopted in 2014 and stern warnings to lenders issued by OSFI earlier this summer, require banks to qualify borrowers at higher interest rates, impose additional limits on mortgages for buyers with small down payments, and compel financial institutions to share the risk by taking out insurance policies on low - ratio mortgages.

«Both financial institutions and their non-banking competitors face the risk that payment processing and other services could be disrupted by technologies, such as cryptocurrencies, that require no intermediation.»

They are required to meet the same anti-money-laundering counter-terrorism standards as other financial institutions, according to the BOE.

A relatively easy way to do this, is for the buyer is to provide a letter from their financial institution or accountant that shows they have the funds required to purchase your business.

Post-financial market regulations (read: Dodd - Frank) have required banks and other «systemically important financial institutions» to hold more cash on their balance sheet, creating less bond inventory on balance sheets — fewer potential buyers, fewer potential sellers — if portfolio managers are forced to meet client redemptions quickly and en masse.

A U.N. Security Council resolution in early March also required member states to sever correspondent banking relationships with North Korean financial institutions within 90 days.

On Monday, the FDIC approved a draft rule that would require large financial institutions to hold a minimum of half of senior executives» bonuses for at least three years.