Compliance Essentials (Setup Fee Waived)
Monthly compliance support
Description
Strategic Compliance Partners (SCP) Compliance Essentials includes a complete Federal and State policy guide, compliance training, and ongoing monthly support services which provides the necessary support to create a culture of compliance. The SCP Real Time Compliance program includes:
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POLICY GUIDES
SCP will create personalized Federal and State Policy Guides. The Federal Policy Guide will include applicable Federal Consumer Protection Regulations as they relate to a broker’s business practices. These policies will be updated in real time as a result of SCP’s ongoing monitoring of nationwide audits, enforcement actions, and other regulatory activities. The State Policy Guide will include all applicable regulations for a broker’s primary state. One State Policy Guide is included. Additional State Policy Guides can be purchased at an added fee. Once completed, policy guides will be posted online on a secure website, and can be accessible by an unlimited number of employees.
TRAINING
SCP has partnered with OnCourse Learning to provide industry leading online compliance courses in which employees are tested and their results are tracked to meet all regulatory requirements. Each course will be approximately 30 – 45 minutes and will include an exam at the end of the course. Employee training accounts are licensed for $15 per user annual fee. Courses included are:Â
- Awareness and Prevention: BSA and the Anti-Money Laundering Law
- Fair Lending Laws
- CISA-Customer Information Security Awareness
COMPLIANCE COACH SUPPORT SERVICES
With Compliance Essentials, client will receive 5 hours of support from a SCP Compliance Management Consultant. You will receive one additional hour of support for every additional state you add. Within that support time, the same SCP Consultant can help you implement your policies, prepare for an audit, review marketing materials, create a QC plan or answer general compliance questions. Once the hours of support are exhausted, additional support time can be purchased for $185 per hour.