National Mortgage Loan System WATCH THAT CYBER INFO. FREE CREDIT REPORT FACTS YOU SHOULD KNOW IDENTITY THEFT INFO NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS National Mortgage Loan System Our bank makes residential mortgage loans and has 3 mortgage loan originators. Their names and numbers appear below. Montezuma State Bank #446752, David Kercheval #449006, Joel Kercheval #447064, Dick Gregory #708651, To get further information on these loan officers you can go to: http://nmlsconsumeraccess.org or contact the Iowa Division of Banking at 515-281-4014 200 E Grand Ave. Suite 300 Des Moines, Iowa 50309 Return to top WATCH THAT CYBER INFO. "Montezuma State Bank does not collect customer e-mail addresses and does not attempt to contact customers for any reason via e-mail. Montezuma State Bank will never ask for your ID, password, PIN, or other confidential information. You should be suspicious if asked and never give out this information unless you are certain the site you are on is legitimate and secure." E-mail fraudsters have been imitating Web sites more and more frequently over recent months, often with success, unfortunately. Return to top FREE CREDIT REPORT You have the right to get a free copy of your credit file disclosure, commonly called a credit report, once every 12 months, from each of the nationwide consumer credit reporting companies-Equifax, Experian and TransUnion. For instant access to your free credit report, visit www.annualcreditreport.com or call 877-322-8228. Return to top FACTS YOU SHOULD KNOW Facts about who is responsible: • Although the bank made funds available to you and therefore you thought that the check was “good,” you remain responsible if the check is counterfeit. • It does not make any difference whether you cash the check or deposit the check. • The bank whose name appears on a counterfeit check is not responsible. • Your bank’s funds availability policy only serves to let you know when the bank will generally make funds available to you when it accepts a check for deposit. Making the funds available does not change your fundamental responsibility for the item. What you can do to protect yourself • The best defense is to realize that if a deal is too good to be true, it probably isn’t true. Receiving a large commission for cashing a cashier’s check just does not make any sense. Either it is likely a scam of the type already discussed or there may be a reason (a reason that you probably should be concerned about) why the person does not want to cash the item himself (such as money laundering). • Do not respond to unsolicited offers received over the Internet from people you do not know. Ask yourself why you are so lucky to have been selected. The answer is, you weren’t so lucky, or at least no luckier than the other 50,000 people that may have received the e-mail. The beauty of e-mail is that it is a cheap way of reaching a lot of people all at once. • Be particularly wary of e-mails apparently originating from overseas. Being overseas makes it incredibly difficult, if not impossible, for law enforcement to identify and prosecute the perpetrator. • You should call the issuing bank to attempt to verify the validity of the cashier’s check before depositing the item, releasing any merchandise, transferring funds to a third party, or spending any of the proceeds. DO NOT call any telephone number that appears on the check since that may connect you to one of the perpetrators. Instead, use directory assistance or one of the Internet search functions to obtain the bank’s telephone number. Return to top IDENTITY THEFT INFO Here’s what is perhaps most important of all: Call the 3 national credit reporting organizations immediately to place a fraud alert on your name and also call the Social Security fraud line number. The alert means any company that checks your Credit knows your information was stolen and they have to contact you by Phone to authorize new credit. Here are the numbers you always need to contact about if your wallet, etc. has been stolen: Equifax: 800-525-6285 Experian (formerly TRW): 888-397-3742 Trans Union: 800-680-7289 Social Security Administration (fraud line):800-269-0271 When you are writing checks to pay on your credit card Accounts, DO NOT put the complete number on the “for” line. Instead, just put the last four numbers. The credit card company knows the rest of the number, and anyone who might be handling your check as it passes through all the check processing channels won’t have access to it. If you have a P.O. Box use that instead of your home address. If you do not have a P.O. Box, use your work address. Never have your social security number printed on your checks. You can add it if it is necessary, but if you have it printed, anyone can get it. Place the contents of your wallet on a photo copy machine. Do both sides of each license, credit card, etc. You will know what you had in your wallet and all the account numbers and phone numbers to call and cancel. Keep the photocopy in a safe place. File a police report immediately in the jurisdiction where your credit cards, etc., were stolen. This proves to credit providers you were diligent, and this is a first stop toward an investigation (if there ever is one). Return to top NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS All Funds in a “noninterest-bearing transactions account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. The term “noninterest-bearing transaction account” includes a traditional checking account or demand account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov. Return to top
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