Vendor Guru Q&A - Compliance

Latest Compliance - Beneficiary Topics

Spousal Consent: Beneficiary on an IRA

01/24/2021

In the state of Oklahoma, is spousal consent required for the designation of a non-spouse beneficiary on an IRA?

Interest Accrual-IRA Beneficiary Elections

12/22/2019

Are we out of compliance when an IRA account holder dies and we go ahead and internally move the IRA funds into Beneficiary IRA accounts for the beneficiaries before they come in to make their Beneficiary Elections? Are we obligated to continue interest accrual on those funds or should the interest accrual stop at the death of the IRA account holder?

Beneficiary on an Estate of Conservatorship Acct.

09/29/2019

A ninety-seven year old widowed customer was brought in by one of his sons to change the register on his account. Our customer's wife had passed and he removed her and added the son as beneficiary to his now sole ownership account. Six months later the same son was granted Conservatorship over his father and changed the register to "Estate of..." Should we leave the beneficiary on an Estate of Conservatorship account?

Can a DBA Account have a POD?

07/28/2019

Can a DBA account have a POD?

Can a POA Add Beneficiaries on an Account?

05/19/2019

Can a POA add beneficiaries on an account?

Business Trust List Beneficiaries?

04/28/2019

Can a business trust list beneficiaries on the trust account? For example, another bank would like to set up a trust account with our bank and list their customers as the beneficiaries.

Acct. Set Up In Trust-Beneficiary Listed?

04/28/2019

Can an account that is set up in a trust have a beneficiary listed on the account?

Beneficiaries on a Safe Deposit Box?

12/23/2018

Can there be beneficiaries on a Safe Deposit Box?

Durable POA: List as POA and Beneficiary?

07/15/2018

If a person selected her Durable POA which currently is included on all accounts as a Beneficiary, would it be okay to accept the POA and allow that person to be listed as POA and Beneficiary?

Wife POA for Husband-Add Herself as Signer & POD?

04/15/2018

If a wife has POA for her husband can she add herself as authorized signer and add herself as the pay-on-death beneficiary?

Premium Content View All

Real Estate Loan to an Estate

Question: We are making a secured real estate loan to an estate to pay property taxes. The property securing the loan is owned by a trust.

Are CSR emails to customers "ads?"

02/28/2021

Does CAN-SPAM apply to those emails sent by platform employees to let their preferred customers know of new rates, etc.?

Felony Moments and BSA

02/28/2021

If the customer asks me a question on structuring is that reportable on a SAR?

Disclosing the Military APR

02/28/2021

Do we have to disclose the actual MAPR to all borrowers?

Printed Disclosure by Mail?

02/28/2021

If a customer requests a remittance wire transfer while in the bank, but then decides they can't wait for the printed disclosure, can they leave and we provide the disclosure to them orally, provided we send them the receipt by mail?

Custodianship under the UTMA

02/21/2021

If a minor has funds in a custodianship under the UTMA but also has an individual account in his own name, and he has reached the age for release of the UTMA funds, can we use the funds in the UTMA to offset an overdraft in the individually-owned account?

Latest Compliance - Beneficiary Topics

Pages

Pages

hot right now