9755f23d_Suspicious_Activity_Categories__ity__The_Reportable_Conditions
[Violation Category] e 18 U.S.C. Section 1344 - Bank Fraud 18 U.S.C. Section 656/657 - Embezzlement, Theft or Misapplication of Funds [Explanation/Description] A fraudulent loan involving a corporation, commercial enterprise, or other type of business, usually secured by some form of collateral. One example includes banks advancing loan funds to car dealers via floor plan lines of credit secured by the automobiles in inventory. Collateral is later sold, out of trust, and proceeds are not applied to the loan thus creating a loss to the lender.
Commercial Loan Fraud
Understanding the Suspicious Activity Categories
Characterization of Suspicious Activity: The Reportable Conditions