Thank you Jack.
Here’s the big question:
On a risk-weighted basis, should I press this issue and insist that we give rescission based on the law (which every “BOL guru” and even Alan Dombrow will say I’m wrong – as he did when I asked him about it at Compliance School in 2002)?
OR is it small enough of a risk to acknowledge that I’m technically wrong, but give in and fight about more important issues?