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January 21, 2015
HMDA Soup to Nuts
David Dickinson

January 22, 2015
Navigating the Treacherous Waters of IRA Rollovers, Transfers and Beneficiary Payouts
Patrice Konarik

January 28, 2015
Mortgage Life Cycle
Part I
David Dickinson and Jerod Moyer

February 2, 2015
Answer HSA Questions with Confidence
Whitney Johnson

February 3, 2015
BSA/AML Compliance: Recent Developments and Common Errors
Ken Golliher

February 4, 2015
Mortgage Life Cycle
Part II
David Dickinson and Jerod Moyer

February 5, 2015
Annual Lending Compliance Recap
John Burnett and Andy Zavoina



Topic Options
#1299700 - 12/07/09 08:08 AM CHARM Booklet
Mainiac Offline
100 Club

Registered: 11/25/05
Posts: 147
What is the currtent version of the CHARM Booklet we are supposed to be using? It appears there is an August 2009 version on the FRB website, but I don't remember any communication that we had to use this version as of some date.

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Lending Compliance
#1301157 - 12/08/09 03:04 PM Re: CHARM Booklet [Re: Mainiac]
2old2care Offline
Platinum Poster

Registered: 10/16/06
Posts: 622
Loc: PA
I contacted the FRB regarding the CHARM Booklet.


Publications Fulfillment has been advised of only one brochure needing to be updated by January 2010. That brochure is the settlements costs brochure, which must include new RESPA guidelines/information by January 1, 2010.

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#1301311 - 12/08/09 04:40 PM Re: CHARM Booklet [Re: 2old2care]
Mainiac Offline
100 Club

Registered: 11/25/05
Posts: 147
Thanks

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#1302143 - 12/09/09 04:12 PM Re: CHARM Booklet [Re: Mainiac]
biz Offline
Diamond Poster

Registered: 11/07/05
Posts: 1010
Loc: Midwest
I must be a doofus-but/so is the August 2009 booklet the one we should be using, as ours is dated in 2006? Or are we ok in using the 2006 supply?

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#1302179 - 12/09/09 04:35 PM Re: CHARM Booklet [Re: biz]
Reads Regs Offline
Diamond Poster

Registered: 11/15/04
Posts: 2063
The FRB never issued a press release indicating that they made this 8/2009 update to the CHARM booklet. In the past, when substantive changes were made to the booklet they would issue a press release announcing the new version of the booklet and they would tell you that you could exhaust your existing supply and then order the new booklet.

Keep in mind that the 8/26/09 Reg. Z proposed rule for closed-end credit is proposing to eliminate the CHARM booklet altogether and replace it with a one page disclosure that discusses fixed versus variable rate loans. If you have enough of your 2006 booklets, I would continue to use them.
_________________________
Opinions expressed are my own and not necessarily those of my employer. They are not legal advice.

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#1302199 - 12/09/09 04:47 PM Re: CHARM Booklet [Re: Reads Regs]
Gotwood Offline
Platinum Poster

Registered: 05/22/01
Posts: 698
the august 9, 2009 date is the date the website was updated, there is no reference to the charm book changing.

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