January 30, 2012

The following articles are featured in the Compliance section:
  • Disclosures for Co-Signer on Consumer Purpose
  • Travel Trailer Considered Mobile Home or Camper?
  • Taking Land and not Home on Property-Rescission?
  • Reg CC Repeated Overdraft Rule Used to Place Hold
  • Payable to Agent or Underwriter on 1103/1104 HUD
  • Reg B- Collecting Monitoring Data on HELOC Apps?
  • Place for Subordination Fee on GFE and HUD-1
  • Reg DD and 30 Day Notice for Change in Terms
  • Customer Who Refuses Flood Insurance (Home Equity)
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The following articles are featured in the Lending section:
  • State of the Private Student Loan Industry
  • Market Opportunity in Private Student Loans
  • When to Collect Government Monitoring Information
  • Early Disclosures for Primary Residence Renewal
  • "Cooling Off Periods" Apply to Home Equity Loans?
  • Early Disclosures on a 2nd Home Refinance?
  • Construction to Perm Refinance-Right to Cancel?
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The following articles are featured in the Operations section:
  • Ban on Foreign Checks in Account Agreements?
  • Documentation to Open Representative Payee Acct.
  • Only Signer on Incorporated Acct. Passes Away
  • Changing Joint Account into a Trust Account
  • Are UTMA Accounts Only Savings Accounts?
  • Required Endorsement for Check to Sub Contractor
  • Opening Deposit for LLC- Operating Agreement
  • Signature Cards Need Full Legal Name in the Title?
  • Bank Allowed to Review Employee Relative Accounts?
AML RightSource's managed service approach to Transaction Monitoring provides more benefit that just monitoring your customer's daily transaction activity. We provide audit & exam assistance; help desk support for BSA/AML questions; OFAC/314a screening; Risk Assessment support; and a whole host of other services. WE DO THE WORK. YOU MAKE THE DECISIONS. Contact us for a no obligation estimate. www.AMLRightSource.com; jscrabonia@AMLRightSource.com;
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you won't be able to open and read the newly required "UAD" appraisals? The GSEs are requiring appraisals in MISMO 2.6 XML format, and if you try to open them you'll just see gibberish on your screen if you don't have UAD Reader. Download UAD Reader for free now.

The following articles are featured in the Security section:
  • Timely Information given to Security Officer

Read the Current Edition of Tech Talk

banks must now use 2010 census tract data for geocoding? This requires updating system information to ensure proper coding and avoid problems. TRUPOINT Partners' GeoAnalysis has been used successfully in more than 5,000 exams. We redraw assessment areas using new census information. Our maps are unmatched in appearance and price. Request a free sample. Visit www.analytics.trupointpartners.com or call 704-401-1730.

Are you looking for help from other bankers?
Check out the
Bankers' Threads!

Posting Order of Loan Payments
It has been requested that we post our loan payments in the order of late fees first, interest second, principal third. If the customer is late on their payment and does not pay the additional late charge payment it will make them delinquent I was just wondering how everyone else is handling their payments.

Read and weigh in with some helpful information on POSTING ORDER OF LOAN PAYMENTS in the General Discussion Forum.

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