Section 45-13-006 - DIRECT CONFIRMATION WITH BORROWERS AND DEPOSITORS006.01 Prepare (or have prepared, under the auditor's supervision and mail positive and/or negative confirmation requests on a test basis for all loans and deposit categories, including participation loans purchased and sold.006.02 For participation loans purchased, confirm balances with selling bank only.006.03 For participation loans sold, confirm balances sold with the purchasing bank and the total balances with the borrower on a test basis.006.04 Mail confirmation requests to a selected number of customers whose loans were charged off since the most recent regulatory examination.006.05 Mail confirmation requests for a selected number of accounts that are dormant and accounts that have zero balances and have been closed since the most recent regulatory examination.006.06 Any positive confirmation request not acknowledged by a loan customer after two weeks from the date of the original mailing must be followed by a second confirmation request. A list of positive confirmation requests not acknowledged after the mailing of both a first and second request must be included in the report.45 Neb. Admin. Code, ch. 13, § 006
Adopted effective 11/25/2023