Most Popular Compliance Content
GMI On Unsecured Consumer Loans: Reg B
12/04/2016
My question is that our compliance department is asking operations to gather GMI on all unsecured consumer loans that are currently on our books. The purpose is to run comparisons for fair lending. I have researched this and find that it is not allowable under Reg B, however the argument is that these are already our loans and we are not asking the borrower for it up front to make a lending decision. I would appreciate your opinion.
Flood currents in 2017
12/04/2016
Flood penalties have subsided and this seems less of an issue. Will that be the case in 2017?
Flood currents in 2017
12/04/2016
Flood penalties have subsided and this seems less of an issue. Will that be the case in 2017?
Mixed use properties and HMDA
12/04/2016
Are mixed use properties restricted to single structure properties under the HMDA rule?
Grace Period On Payments For HELOCs
12/04/2016
My institution is launching a new product in the upcoming months, HELOC's. We are currently building the policy and disclosures. It was asked of me if we were required to provide a grace period on payments for the HELOC. I was researching but could not find anything particular.