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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
#1662728 - 02/09/12 12:19 PM ARM advertisement
low profile Offline
100 Club

Registered: 06/11/02
Posts: 239
Loc: Pennsylvania
Our bank is contemplating offering a mortgage with a 30 year term which will adjust once at the beginning of the 16th year. To promote this product our ad will refer to the "30/15 Mortgage." This verbage is exact and no other description of this mortgage product will be indicated.

What advertising disclosure requirements would I need to provide?
_________________________
Living is easy with eyes closed, misunderstanding all you see.

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Marketing
#1662752 - 02/09/12 12:55 PM Re: ARM advertisement [Re: low profile]
rlcarey Offline
10K Club

Registered: 07/16/01
Posts: 51903
Loc: Galveston, TX
""30/15 Mortgage." This verbage is exact"

Exact? It means nothing to me.
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The opinions expressed are my own, take them or leave them.

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#1662855 - 02/09/12 01:42 PM Re: ARM advertisement [Re: rlcarey]
low profile Offline
100 Club

Registered: 06/11/02
Posts: 239
Loc: Pennsylvania
Good. I was concerned it would be a trigger term since the term is 30 years.
_________________________
Living is easy with eyes closed, misunderstanding all you see.

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#1662857 - 02/09/12 01:43 PM Re: ARM advertisement [Re: low profile]
Richard Insley Offline
Power Poster

Registered: 10/26/00
Posts: 7706
Loc: Richmond, VA
If you indicate a 30 year term, that's a trigger.
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...gone fishing.

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#1662860 - 02/09/12 01:57 PM Re: ARM advertisement [Re: low profile]
rlcarey Offline
10K Club

Registered: 07/16/01
Posts: 51903
Loc: Galveston, TX
Good? It represents the term of the loan and triggers additional disclosures. I meant that 30/15 means nothing to me regarding the type of product this might be. Unclear = read UDAAP.
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The opinions expressed are my own, take them or leave them.

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