Latest Compliance - GMI Topics

Question: If a customer applies for a business purpose loan to acquire a rental property, do we have to give the customer a copy of the appraisal?

The debate about whether year 2000 is also the beginning of a new millennium is telling.

Question: I'm concerned about your answer to the different hold policies. I'm a little concerned that banks could have hold policies that have service disparities for CRA purposes.

If there is any area where we would like change to stop or at least slow down, it is CRA.

The rousing defeat of the Know Your Customer rule does not mean a defeat of the need to know your customer. It simply means that there won't be a formal rule.