March 12, 2012



The following articles are featured in the Compliance section:
  • The Best Police
  • Depositing Jointly Payable Check-Payee Signature?
  • Another HOEPA Form Required if the Rate Changes?
  • Reg B 30 Day Notification for Incomplete App
  • Should Funds Availability Sign Include Location?
  • Paper Required to Open a Business Account
  • Right to Receive a Copy of an Appraisal on Note
  • Reg V Credit Score Disclosure Regulations
  • Change in Circumstance-How to Check APR Accuracy
  • Negative Finance Charge and Calculating APR
PATRIOT OFFICER® offers the most effective and advanced technology to consolidate your Anti-Money Laundering, Anti-Terrorist Financing, and Anti-Fraud effort through a centralized case management platform with the highest efficiency? Contact sales@gv-systems.com to see how easy you can manage your regulatory compliance and risk management resources with optimal efficiency while removing duplicate effort.



The following articles are featured in the Lending section:
  • Lower Appraised Value Considered a Counteroffer?
  • Escrow for Properties Taken Abundance of Caution
  • Private Flood Insurance Policy or NFIP Policy?
  • Usury Rates- Interest Rate 10% & APR Over 10%?
TRUPOINT Partners can help you easily delineate your CRA assessment area so it includes majority-minority census tracts using 2010 census data? We can help you monitor loan data to determine whether an appropriate volume of loan applications and originations emanates from ethnic and minority areas and individuals. Request a free sample today. Visit https://secure.trupointpartners.com/sign-up/bankers-online or call 704-401-1730.



The following articles are featured in the Operations section:
  • Operating Agreement when Opening LLC Account?
  • Who Can Open a NRI Account?
  • Rule on Depositing SS Check into Taxpayers Account
  • What is the Retention on Undeliverable Mail?
  • Proper Endorsement for Check Payable to Bank Only
AML RightSource provides an outsource solution for transaction monitoring. We offer not only the technology, but certified professionals to monitor your transactions and report back to you. Partnering with AML RightSource potentially allows you to reduce the cost of your BSA compliance department while saving time and resources. Visit us at www.amlrightsource.com.



The following articles are featured in the Security section:
  • Do Police Need Warrant to Search Safe Deposit Box?
  • How Often Should Bank Change Bills for Bait Money
LexisNexis Bridger Insight helps organizations conduct due diligence and comply with government regulations, including those related to identity fraud, anti-money laundering, foreign corruption and terrorist financing. Click here for a FREE 30-day trial of LexisNexis Bridger Insight XG.



The following articles are featured in the Marketing section:
  • Promotion for Only New and Approved Loans
  • Advertising "Free Debit Card" w/ Some Later Fees
JMA Services provides customer communication solutions to the financial services industry? Using state of the art technology, JMA deploys a national network of experienced field service professionals – who are performance driven. JMA provides face to face door knock, document pickup, and property inspection services. Using JMA services, you will feel comfortable with who is knocking on your borrower's door. For more information call 586.739.1200 or email fieldcalls@jmadjustment.com.



Read the Current Edition of Tech Talk

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.



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

Reporting Counterfeit Currency
If a customer or business deposits counterfeit currency to their account and the bank catches it, is against the law not to report this to the U. S Secret Service?

Read and weigh in with some helpful information on Counterfeit Currency in the Security - PUBLIC Forum.

Join the Discussion NOW and stay informed!

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