First National Bank is a newly chartered bank. Which of the following security related procedures is NOT required under the Bank Protection Act?

Question

Quizplus · Accepted Answer

Newly chartered banks are not required to hire a security consultant to inspect the bank for the effectiveness of the bank's security devices under the Bank Protection Act. However, they are required to appoint a security officer, write a security program and write procedures to assist in preserving evidence of crimes.

First National Bank Is a Newly Chartered Bank