Description
Examiners expect all financial institutions to conduct and document a comprehensive, ongoing, institution-wide risk assessment. The Risk Assessment evaluates and rates inherent risk, the quality of controls and residual risk. Benchmarks are provided for each rating for each factor. The Regulation X Information Requests Risk Assessment provides a framework upon which the risk related to the revised Section 1024.36 requirements for responding to information requests regarding mortgage loans is evaluated.
Revised 10.1.2020
