Our customer deposits a $25,000 Treasury check to a new checking account. Our policy says we give the customer five thousand the next day under the special rules for new accounts and the rest on the 9th business day. Is that correct?
Our bank would like to offer a 20/15, 25/15 and 30/15 loan where the interest rate is fixed for 15 years then changes one time for the remaining term. Everyone we've talked to says these are ARM loans. However, in our loan platform all ARM programs must have a subsequent rate and payment change date. Is anyone else offering these products? If so, how are they disclosing?
Can a non-loan originator employee (teller) receive referral fees for loans that close in the secondary market, but receive no or less compensation for referrals of loans that close in-house?
Does a security agreement for "All Assets" include and cover a motor vehicle that is titled?
What changes for 2019 and 2020 have been made in Regulation CC Funds Availability?