Vendor Guru Q&A - Compliance

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Latest Compliance - Loans Topics

Check to Individual: Accept for Loan Payment?

12/09/2018

Can a check that is payable to an individual be accepted for a loan payment?

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?

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We Can't See the Forest

A recent investigative report from a newspaper in Sarasota, Florida highlighted the many reasons why banks fail, and they cite unethical lending practices, employee greed and dishonesty as a few of the culprits.

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IRS levies and Treasury’s Garnishment Rule

01/13/2019

Are IRS levies covered by the Treasury Department’s Garnishment Rule?

Protected accounts under the Garnishment Rule

01/13/2019

Which customer accounts are covered by the Garnishment Rule?

Cash Deposit At Teller Counter-CTR?

01/13/2019

A customer presents a cash deposit at the teller counter in the amount of $10,000. The teller counts the deposit and discovers it to be $100 over. The customer is made aware and requests the teller to give back the $100. Does this qualify for a CTR since it was handled by the teller while counting the large cash deposit or is it a simple mistake by the customer? We are also considering a SAR for possible structuring by the customer.

Trust that is Not Specified-Revocable

01/13/2019

If a trust account is opened and is not specified to be revocable or irrevocable, does that automatically make it revocable?

CD Interest Paid Monthly Change to Compound

01/13/2019

If a customer with a 4 year CD with interest paid monthly, after 6 months, decides to have it compound annually, what would be the next date for interest to be paid? The opening date was 1-1-2016.

Latest Compliance - Loans Topics

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