Cover Your Assets (CYA) Part One
Filed under: Cover Your Assets, Subprime Crash — admin @ 3:22 pm
Do you lend in multiple states? Have the state auditors come a callin’? Are you feeling the ramifications of the Subprime meltdown in your very ordinary vanilla lending practices? Regardless of your lending practices, what has happened in the industry is going to impact you.
Auditors are combing through every detail in a transaction pouncing on the slightest infractions. Additionally as some of you may have experienced, these audits are also often subjective depending on a given auditor’s preferences and understanding of requirements.
Are you feeling the lack of risk mitigation in your business model?
Could you use a little CYA? And, that stands for “COVER YOUR ASSETS”!
More to follow…
Stumble it!
March 6th, 2008 at 4:16 pm
[…] Part two of a series beginning here. […]