Can we do an internal raffle (selling tickets for a chance to win a prize) to benefit a non-profit organization?
Will my bank be affected by the change involving U.S. Pacific Island banks?
Should my appraiser be including an “As Is” value in all appraisal reports for Federally Related Transactions?
For renewal transactions, what is the threshold limit for evaluations?
We have a “spin the wheel” promotion. To spin, a customer must donate $1 that the bank donates to a charity. All the prize amounts on the wheel are more than $1 therefore all customers will get more than they donate. The amount won is then sent to the customer via our e-wallet app. We set a certain number of spins and it is done on a first-come-first-served basis.