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<br />, <br /> <br />EXCERPTS FROM THE COMPTROLLER'S MANUAL FOR COMPLIANCE, <br />COMPTROLLER OF THE CURRENCY <br /> <br />Consumer Activities <br /> <br />Appendix <br />Internal Control Questionnaire <br /> <br />b. Payoffs on mobile home loans do not include prepayment penalties? <br />(12 CFR 590.4(C)) <br /> <br />c. Notes for mobile home loans do not include balloon payments and do <br />include disclosure that prepayment penalties may not be charged? <br />(12 CFR 590.4(d) and (e)) <br /> <br />29. Are policies, procedures and training adequate, on an ongoing basis, <br />to ensure compliance with 12 CFR 590? <br /> <br />Flood Disaster Protection Act (12 CFR 22) <br />30. How do affected bank personnel determine whether: <br /> <br />a. Designated flood hazard areas are within the bank's lending <br />territory? (12 CFR 22.5) <br /> <br />b. Communities in the bank's lending territory are participating or <br />nonparticipating communities? <br /> <br />c. Flood insurance is required on loans originated? (12 CFR 22.2) <br /> <br />31. How does the bank document its method of determining if property <br />securing loans is or will be located in a flood hazard area? (12 CFR <br />22.5) <br /> <br />32. How does management ensure that the app~opriate amount of flood <br />insurance coverage is obtained and maintained? (12 CFR 22.2) <br /> <br />33. Are the bank's procedures adequate, on an ongoing basis, to ensure <br />compliance with the Flood Disaster Protection Act? <br /> <br />Interest on Deposits (Regulation Q) (12 CFR 217) <br /> <br />34. How is information on current interest rates and other legal changes <br />obtained and disseminated to personnel responsible for opening time <br />and savings accounts? <br /> <br />35. How does management ensure that the bank promptly assesses early <br />withdrawal penalties on time deposits? (12 CFR 217.4(a) and <br />204.2(c)(1)) Consider the fOllowing: <br /> <br />a. Are worksheets/checklists made available to affected personnel? <br /> <br />b. Are calculated penalties double-checked for accuracy before they <br />are assessed? <br /> <br />36. How does management ensure that interest paid is consistent with <br />disclosed information? <br /> <br />-11- <br />