IT Examiner School, Palm Springs, CA

IT examination procedures for:

Non-Depository Financial Institutions

What is a Non-Depository Institution?

What is a non-depository financial institution? (for our purposes)

A non-depository financial institution is one that serves as an intermediary between borrowers, savers, and/or investors. The entity does not generally hold (timed) deposits. Examples of non-depository financial institutions that states typically may regulate:  Mortgage companies  Non-depository trust companies  Investment companies  Money transmitters  Check cashers  Consumer Finance/Lending companies