Accreditation Handbook

Internal Use Only

• Reactive • Some of the major criteria for the standard were met; some deficiencies exist in the areas assessed but none of major concern • Satisfactory evidence that the essential aspects of the standard are met • Demonstrates proficiency in meeting the requirements of the standard • Less than satisfactory • Less than acceptable • Significant weaknesses • Insufficient or significantly below the requirements of the standard • Inefficiencies cause difficulty in meeting standard • Attempt made to address standard, but lack of evidence the standard is met

1 Point Does not meet standard, significant improvement(s) required

0 Points Does not meet standard, major deficiencies exist; Not performed

• Significantly below requirements of the standard • Much less than acceptable • Major deficiencies/problems evident

• Describes/demonstrates insufficient skills to meet criteria of the Standard • Describes/demonstrates counter-productive practices/procedures that can result in negative outcomes or consequences (make the situation worse) • Not Active • Poor performance • Significant improvement required in the short-term

III. Values and Max Scores Section 1 – Administration and Finance (this section is applicable to bank, mortgage and MSB accreditation) Max Score = 240, Passing Score = 120

MAX SCORE

NAME OF STANDARD

VALUE

1-A-1. Mission Statement and Strategic Plan

5 3 5 5 5 4 5 3 5

15

1-A-2. Succession Planning and Organizational Chart

9

1-B. Internal Communication

15 15 15 12 15 15 48 36 36 9

1-C. Communication with Other Regulatory Agencies

1-D. Communication with Industry

1-E. Consumer Education / Financial Literacy

1-F. Access to Legal Assistance

1-G. Agency Facilities

1-H. Business Continuity Plan

1-I. Technology Infrastructure and Cybersecurity 1-J. Budget Revenue / Contingency Plan 1-K. Budget Expenses / Supplemental Budgets

16 12 12

11

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