Outbank alternative12/16/2023 ![]() A majority of the large campgrounds are midway down the Outer Banks, in Rodanthe, Frisco, and Ocracoke Island. At night, sit around a beach bonfire, cook dinner on the barbecue, or star gaze.Ĭamping in the Outer Banks can be found in the national parks and private RV parks, many of which also offer space to tenters. Activities abound, from swimming, surfing, kiteboarding, and fishing, to simply sitting in a beach chair gazing out at the ocean. Outer Banks camping is the best way to experience this unique region without spending a fortune on accommodation. Here, you have the rare opportunity to set up your tent or rig up either right on the sand or just steps away from the beach and enjoy the island lifestyle that comes with a trip to this area. See B3-2-02, DU Validation Service, for additional information.We may earn a commission from affiliate links ( )Ĭamping in the Outer Banks, North Carolina's barrier islands, is a special experience and a perfect summer activity for families or anyone who wants to enjoy the beautiful beaches. This documentation may differ from the requirements described above. Compliance with the DU messages satisfies the requirement for documenting assets. In addition, loans with assets validated by DU must comply with all requirements pertaining to the DU validation service. See B3-4.4-02, Requirements for Certain Assets in DU, for additional information about documentation of assets for DU loan casefiles. If necessary, the lender must supplement these verifications by obtaining any missing information from the borrower or the depository institution. The statements may be computer-generated forms, including online account or portfolio statements downloaded by the borrower from the Internet.ĭocuments that are faxed to the lender or downloaded from the Internet must clearly identify the name of the depository or investment institution and the source of information-for example, by including that information in the Internet or fax banner at the top of the document. If the latest bank statement is more than 45 days earlier than the date of the loan application, the lender should ask the borrower to provide a more recent, supplemental, bank-generated form that shows at least the last four digits of the account number, balance, and date. The statements must cover the most recent full one-month period of account activity (30 days, or, if account information is reported on a quarterly basis, the most recent quarter). The statements must cover the most recent full two-month period of account activity (60 days, or, if account information is reported on a quarterly basis, the most recent quarter). The number of required bank or investment portfolio statements varies per transaction type as shown in the following table. (See B3-4.3-03, Retirement Accounts, for additional information.) ![]() They must be the most recent statements, and they must identify the borrower’s vested amount and the terms. The printout or alternative verification is acceptable as long as all required data (above) is supplied and documented.Ĭopies of retirement account statements. If the lender is the holder of the borrower's account, the lender may produce a printout or other alternative verification of the asset(s) directly from its system. Include all purchase and sale transactions (for financial portfolio accounts), and Include all deposits and withdrawal transactions (for depository accounts), Include the time period covered by the statement, Include at least the last four digits of the account number, All statements must:Ĭlearly identify the financial institution,Ĭlearly identify the borrower as the account holder, The information must be requested directly from the depository institution, and the complete, signed, and dated document must be sent directly from the depository institution.Ĭopies of bank statements or investment portfolio statements. Request for Verification of Deposit ( Form 1006 or Form 1006(S)). The lender can use any of the following types of documentation to verify that a borrower has sufficient funds for closing, down payment, and/or financial reserves:
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