Bank Service Company Act Policy
This policy is intended to ensure a bank, credit union, fintech company, or other type of financial institution adheres to the provisions and intent of the Bank Service Company Act by directives outlined within this policy and subsequent procedures contain herein.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Definitions – Topic 3
- Amount of Investment in Bank Service Company – Topic 4
- Permissible Bank Service Company Activities for Depository Institutions – Topic 5
- Permissible Bank Service Company Activities for Other Persons – Topic 6
- Prior Approval for Investments in Bank Service Companies – Topic 7
- Services to Non-Stockholders or Non-Members – Topic 8
- Regulation and Examination of Bank Service Companies – Topic 9
- Audit Policy – Topic 10
- Staff Training – Topic 11
- Retention of Documentation – Topic 12
This Bank Service Company Act Policy (approximately 5 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
NOTE: The complete contents of this product are also included in the Vendor Management Program Policy.
Product Update Protection Plan
Ensure your purchase from BankPolicies.com remains current by adding a Product Update Protection Plan to your shopping cart. You’ll automatically receive an updated version via e-mail every time it’s revised, within one year from the last date of purchase.
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