Vendor Guru Q&A - Compliance

Latest Compliance - Loans Topics

Modification on S Consumer Lot Purchase Loan

04/08/2018

This pertains to a loan modification on s consumer lot purchase loan. No new money is lent. We are modifying the maturity date and terms. (1) Can the interest rate be modified? (2) Does TRID apply?

Downsides of policy tracking spreadsheets

03/25/2018

What are the downsides of tracking policy exceptions in a spreadsheet?

Signs in Lobby for Loan Production Office

09/03/2017

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.

Challenges with Manual Ticklers

10/16/2016

What are the biggest issues with manual loan ticklers?

TRID and the tax service fee

05/29/2016

On a secondary market loan where our loan servicer charges a tax service fee, should that be included in the origination charges section or services you cannot shop for?

Notification when Sending an Account to a Collection Agency

01/17/2016

When we close an account due to overdraft, we mail notices to the customer of the amount owed and that the account should be brought to a positive balance to avoid any collection proceedings. Do we need to mail a notification to the account holder when we have sent the account to a collection agency?

Audit and Exam Prep Challenges

01/04/2016

What is the biggest challenge pertaining to audits and exams?

Exception Tracking and Spreadsheets

12/13/2015

Do most community banks track exceptions with spreadsheets?

Loan Imaging Software: Market Penetration among Community Banks?

11/15/2015

Loan imaging software: What's its market penetration among community banks?

Bank Tickler: What to Look for?

10/25/2015

Bank tickler: what to look for?

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LLC w/Series But Not Separate EIN

07/22/2018

Can an LLC with a Series that does not have a separate EIN be linked to the account as an assumed name (DBA)? We have an LLC customer that does have a Series without an EIN. The customer wants the Series attached to the checking account as an assumed name. I was told years ago that an LLC that has a Series would either have the Series with its own EIN and linked to the account as primary without the LLC name, or the Series would be added as a subtitle on the account and not linked as a DBA.

Latest Compliance - Loans Topics

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