An issue has come up over a news release that features a first-time homebuyers program. I haven't been able to find any info about compliance for news release. Do you know if there are any compliance issues/regs pertaining to news releases?
What lobby disclosures are required for a national bank for an LPO (loan production office) that does no retail (deposit) business? Equal Housing poster and what else?
I'm in the process of completing an audit of the Fair Housing Act for a national bank. The OCC requires that "each bank shall attempt to obtain all of the information below." It then goes on to require a considerable amount of information in excess of the traditional government monitoring information (race, ethnicity, sex, marital status, and age). Is all of this information required to be on the application? Will the information (such as amount requested, interest rate requested, # of months to maturity, and proposed monthly payment) being in the loan file on some other document suffice? Also, does the fact that the application is partially completed suffice for compliance with the regulation for "attempting to obtain" the information?
What is the latest ruling for use of the Equal Housing Lender logo in print advertising? For OCC-regulated banks, may we use the words Equal Opportunity Lender instead of Equal Housing Lender with our doghouse logo? What about using the words Equal Opportunity Housing?