RSP
What is an OTS RSP Loan?
A "pre-approved" loan (RSP Offers Button)
What is a Carry-Forward RSP Loan?
A full application
What is the difference between blue and black bold?
Blue bold must be read verbatim
What is a DTB?
Getting a 9 or 10 for Exceptional Experience and a 9 or 10 for Increased Business
True or False? A customer can apply for an RSP loan without having an existing RSP account.
False
True or False? Contributions to a Multi-Holding Account (MHA) must be referred to the branch.
True
True or False? Leading the customer to not doing the APA is fine, as long as they say "no".
False
What is the goal for Compliance?
What is the minimum amount for an RSP loan that has a 1 year amortization or less?
$1000
Does an APA have to be offered to the customer for an RSP loan?
Yes
True or False? Since the customer thinks a ULOC is the best product for them, you can agree before doing the APA.
False
When doing an Aeroplan increase, what automated disclosure do you play?
Aeroplan disclosure
What account can PLA open for the customer when it comes to RSP contributions?
DISA
Can an RSP loan be cancelled (active or not active)?
Yes
When can you renew a mortgage from fixed to variable?
When it's within early or regular renewal cycle
Name 3 forms of authentication
:)
True or False? (Carry-Forward Lona) A Full Application must be completed if the loan term and/or amortization is greater than 1 year
True
What is the deadline for RSP contributions for 2023 taxes?
February 29th
What should you do every time before you press F9 on HOST?
Double and triple check your work
What is the difference between fluctuating and fixed income?
Fluctuating income contains bonus, OT, etc. Fixed income means it doesn't change.