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FEDERAL RESERVE BANK OF SAN FRANCISCO BORROWER-IN-CUSTODY GUIDELINES CREDIT AND RISK MANAGEMENT DEPARTMENT 101 MARKET STREET - MAILSTOP 830 SAN FRANCISCO CA 94105 BICGD MAY 2004 Federal Reserve Bank of San Francisco BIC Guidelines TABLE OF CONTENTS SECTION I INTRODUCTION II APPLICATION PROCESS III APPROVAL IV COLLATERAL REPORTING V ONGOING COLLATERAL MAINTENANCE VI ON-SITE INSPECTION AND ANNUAL REVIEW OF ELIGIBILITY VII AUDIT CERTIFICATION VIII ...

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What is borrower in custody program?

The borrower in custody program is a program that allows borrowers who are currently in custody to continue making loan payments and manage their loans while incarcerated.

Who is required to file borrower in custody program?

The borrower in custody program must be filed by the borrower who is currently in custody and wishes to continue managing their loans while incarcerated.

How to fill out borrower in custody program?

To fill out the borrower in custody program, the borrower must obtain the necessary forms from the lending institution or loan servicer, complete the required information, and submit the forms according to the provided instructions.

What is the purpose of borrower in custody program?

The purpose of the borrower in custody program is to ensure that borrowers who are incarcerated have the opportunity to continue managing their loans and making payments while in custody, helping them maintain their financial obligations and avoid default.

What information must be reported on borrower in custody program?

The borrower in custody program typically requires the reporting of the borrower's personal information, including name, prison or jail information, contact details, and any changes in financial circumstances while incarcerated.

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