Via email 10/27/14 to 10/29/14
All Directors were emailed by Chairman Heintz on October 27, 2014 indicating the Affiliate Quality Assurance Checklist is due to HFHI by October 31, 2014 and asking the Directors to review the draft he completed, suggest amendments and grant approval for him to submit the form.
Dave Pearson replied the same day via email: Section 4 question 34 regarding insurance. Can we say yes? I thought we were covered under HFHI insurance. Section 5 question 37, who are individual loan originators? Section 5 questions 42 and 46 regarding suspicious activity and compliance with laws have no selection made. We should probably say "no but..." for question 42 and "yes" for question 46. Section 6 question 49 about service area should probably be yes. No selection was made. Section 8 question 58 about office and mailing address should be yes. No selection was made. I don't think we need to take further action before submission, but it's a good idea to periodically review all our "no but..." answers at a board meeting.
On October 31, 2014 – Chris notified all Directors as follows: Having heard from everyone but Eric and updated the checklist based on Dave's input, I have submitted the checklist to HFHI.
The document can be found attached to Chris’s email on October 31, 2014.
Rebecca Woodard, Secretary
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