RedGearTech Blog

E-file – Responsibilities of Tax Preparer

You are under contract with the bank to comply with the procedures of establishing customer identity and recording the ID. If the procedures are not followed, you may be required to indemnify any loans not collected by the bank. To help ensure that you follow the procedures, reference the bank’s user manual and the following checklist.

- RAL/RT Application Checklist
- Name/Date of Birth (must be at least 18 for RAL)
- Correct phone numbers
- Residential address
- Name/SSN validation
- Complete identification section
- Valid W-2 forms
- Signature on application
- 7216 Requirements

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