Most Popular Compliance Content
Homeownership Counseling Notice Requirement
10/01/2001
I was wondering if banks were still required to send out a Homeownership Counseling Notice if a customer's loan became 45 days past due or has this notice since expired.
Implementing Compliance Programs
10/01/2001
Question: Some of the managers in my bank are somewhat hostile to the program elements I try to put into place, including reports and monitoring.
Getting Insurance Notices Right
10/01/2001
The insurance rules are now in effect. The problem is that we have more questions than answers.
Overdraft Notice Requirement
10/01/2001
Our commercial officers want to selectively determine who should receive overdraft notices. Can someone direct me to a law or regulation that would provide guidance in this area? Is the bank required (other than by good business practice) to give notice to a customer who is overdrawn if the checks are paid and a fee charged or if the checks are returned and a fee charged?
Restrictive Endorsements
10/01/2001
We had a check that was payable to her and her husband into her individual account. On top of that mistake the teller accepted the check with "deposit only" on the back. The husband is now threatening legal action against us if he doesn't receive the funds and the wife has hired an attorney that says we cannot hold the funds in her account until this is settled. Can we hold the funds, they were deposited three months ago or do we not have the right to hold these funds, her attorney has sent a letter saying he is filing suit if we don't release the funds to her?