Monday, June 9, 2014



The following articles are featured in the Compliance section:
  • Homeownership Counseling Notices for HELOCs
  • New ECOA Valuation Rule Apply to Home Builders?
  • Sending Blanket Letter to Vendors (ACH)
  • ATR and Verifying Employment with Pay Stubs
  • Difference between Sections 311 & 312 of USAPA
  • Reg E Provisional Credit: 5 Day Reversal?
  • Discontinue An AOD Program After Several Years?
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The following articles are featured in the Lending section:
  • When Scanning and Indexing Loan Documents, How Fast (or Slow) Should We Go?
  • It Seems to Take Our Bank Forever to Scan and Index Loan Documents - What Is a Normal Pace?
  • What Are the Biggest Document Capture - Related Challenges Facing Banks Today?
  • Defining Application vs Prequalification
  • How to Reduce Credit Limit/Or Terminate Unsecured
  • How to Finance A Sibling Buyout for Parent's Home
  • Proof of Payment & Flood Policy Declarations Page
  • Required to Send Original Recorded Mortgage?
7 pages per minute - that's how rapidly your institution should be able to scan and index loan documents into an electronic format. According to a recent industry study of over 100 community banks, 64% of banks that use an ECM are able to hit this mark. To read the full study for other industry best practices, click here to download it for free.

tax cheaters range from investment bankers to the waitress at your diner. If your customers evade taxes through your institution, there may be suspicious transactional body language you can detect. Read this complimentary white paper from the experts at Banker's Toolbox to learn about tax fraud and evasion, and what you can do to monitor it at your institution.



The following articles are featured in the Operations section:
  • Electronically Converting Check Into ACH Problem
  • Can An Appointed Guardian Close A Joint Account?
  • ATR and Verifying Employment with Pay Stubs
  • Adding Non-Signing Joint Owner to Account
  • Visa Card Required to Be Present for Cash Advance?
the OCC and CFPB recently issued new requirements for third-party oversight? These are critically important for anyone involved in collateral valuation or appraisal operations. Click here for a white paper with fourteen recommendations for efficient third-party oversight.



Read the Current Edition of Tech Talk

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

Safe Deposit Box Rental to Non-customers
We are re-evaluating our safe deposit box procedures and would like to know if other banks will rent boxes to non-customers. Why or why not?

Read and weigh in with some helpful information on Safe Deposit Box Rental in the Operations Compliance forum.


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