Most Popular Compliance Content
Holds, Account Balances, and Reg CC
10/01/2001
Customer deposits checks equaling $700 and request less cash of $300 making the total deposit of $400. Can we place a Reg CC hold on the total $700 in checks used to make up the deposit? If a hold is placed for the $700 and places the customer's available funds into a negative balance can items be returned (we pay off of available funds)? Our practice is to use the casebycase hold availability and make funds available next day. If a customer cashes a non on us check can we place a hold on the customer's account for the amount of the check cashed? If so would it be a Reg CC hold?
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?