Can they DO this???

[av8rdave]

Just got a call from the bank that holds my mortgage. Said I needed to come in to a local branch and talk with them. I asked if there was a problem with my mortgage. They said no, but I had to come in and be "IDd" to comply with the patriot act. I've had this mortgage for years, and they "IDd" the hell out of me when I qualified. I think this smells like BS...has anyone else had to do this?

[LeftyFingerPop]

1. Here's a link...

http://www.gcglaw.com/resources/financial/identification.html

At first blush, it appears they can. And yes, it sucks. :grr:

[AlCzervik]

2. Did you try calling them back, it sounds like total bullshit to me.

like some kind of scam.

[Connonym]

3. I did see a sign in my bank about some new Patriot Act identification thing

I didn't read it closely and maybe I'm hallucinating this part but I want to think there's fingerprinting involved. I guess under the Patriot Act they can do whatever the fuck they want to do. In fact, I wouldn't be surprised if soon we all have to go in for microchips and GPS implants.

[av8rdave]

4. Thanks for the info. Thank God for GWB and the patriot act!

I feel so much safer. Can you imagine what would happen if a terrorist had a mortgage?

[BarenakedLady]

5. I don't like the sound of this.

:tinfoilhat:

[Arugula Latte]

6. It's "Know Your Customer" stuff for banks

Never give someone bank info. over the phone -- there are so many "phishing" scams these days involving people purporting to be from your bank.

[av8rdave]

9. I never give out anything over the phone unless I initiate the call

I took down the person's name and the bank address and told them I would get to it if I felt like it.

[Wcross]

7. I am highly skeptical.

They have all the information they need on your loan documents. Chances are they do not even hold the mortgage anymore but are just servicing it. I don't know how they could be scamming you but if they start trying to sell you something during your visit, walk out.

[Orsino]

8. Get it in writing.

Demand to speak to the bank manager. I would want that conversation recorded, too, but it can't be out of line to insist that they send you a letter with their so-called "requirements."

[av8rdave]

10. Great advice....thanks.

[Redstone]

11. Tell them no, then see if they cancel your mortgage. I bet they don't.

Redstone