Bank Service Company Act Policy

$75.00

This Bank Service Company Act Policy Template is intended to ensure a bank, credit union, 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.  See more information about this product below.  In addition, we recommend adding a Product Update Protection Plan to your shopping cart to ensure you automatically receive an updated version of this policy template every time it is revised by us via e-mail within one year from the date of purchase.

Bank Service Company Act Policy

This Bank Service Company Act Policy Template is intended to ensure a bank, credit union, 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 Template (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 Template.

Want to ensure your purchase from BankPolicies.com remains current? Add a Product Update Protection Plan to your shopping cart to ensure that you will automatically receive an updated version every time it is revised via e-mail within one year from the last date of purchase. This timely and cost-effective solution ensures that you stay on top of federal regulatory changes and industry recommended best practices.

When updates are made you will receive detailed information regarding why the product was updated and what has changed within the product in our Product Update Notification e-mail correspondence. This enables you to make an informed decision on whether to make any changes to the policy or procedure you implemented for your financial institution from the revised template.

BankPolicies.com provides your financial institution with the best bank policy template products available in the industry. You will always be up to date with the latest changes to bank policies and never have to worry about being out of compliance with the various laws, rules and regulations issued by the Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, Office of the Comptroller of the Currency (OCC), or other federal regulatory bodies that may apply to your organization.

Our dedicated staff of career banking industry professionals are ready to keep your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant. We look forward to earning your business for all of your bank policy needs.

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