Will examiners be looking for detailed procedures on how we evaluate high flood deductibles?
What has happened to flood penalties in 2017?
We are going to open a loan production office and need guidance on what types of signs need to be in the lobby. I'm thinking only the Equal Housing Lender Poster, but not sure. We are not taking deposits, and we are not a HMDA reporter.
How do you know if a low value building has an insurable value? Do you determine this by determining if it is insured on the borrower’s hazard policy?
If a flood determination states that the property is not in a SFHA; however, the loan officer is aware that the area is flood prone, can the officer require the customer to get flood insurance?
What might happen if we don't have a system to track complaint resolutions?
How do you deal with determining ongoing content coverage when you are taking something like inventory for collateral, which can change at any point in time. Do you need to get a list yearly from the customer?
We are taking a non-residential property as collateral for a commercial loan. Do we need to give a flood notification if the property is in a Special Flood Hazard Area?
If our flood vendor provides us with a flood determination after a map change that reflects the new map date, does this mean we need to order a brand-new flood determination?
If we are required to report open-end lines of credit for HMDA in 2018, will this include, unsecured credit cards and/or commercial lines of credit?