Vendor Guru Q&A - Compliance

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Latest Compliance - Reg. C Topics

Unsecured Loan

10/30/2016

Our bank extended an unsecured loan to a borrower to purchase a home. The unsecured loan was temporary until the mortgage file was ready to close. I'm thinking that the permanent mortgage file should be reported as a home purchase even though we are treating like a refinance. I'm following the same philosophy as the construction to permanent loan files. Is this correct thinking?

Managing HMDA Changes

05/01/2016

When do we start collecting the new fields required in the HMDA update and when will we be required to start reporting those new fields?

How to Report Loan on LAR

08/31/2015

I have read conflicting discussions about how to report a loan on the LAR. We have a loan secured by the primary residence, proceeds used to purchase a piece of rental property. Which property should we report?

Unsecured to Replace Existing Damaged Pool-HMDA?

08/18/2014

Is an unsecured loan for an above ground swimming pool, to replace an existing pool damaged by weather considered HMDA? I know it would be if a pool had not already been in it's place, but being as there was once one existing there, I am little hazy on it.

Originate Loan & Sell It- HMDA LAR Reportable?

06/23/2014

If we originate a reportable loan and subsequently sell it, servicing released, is it reportable on our HMDA LAR?

Regulation CC Funds Availability Calendar

12/09/2011

By Andy Zavoina, BOL Guru
Bio and Contact Info

Covering Required Training Subjects

01/10/2005

by John Burnett
Guru BIOS

There are five areas where law or regulation mandates training for bank employees:

Opening UTMA Account- Place Funds in CD?

11/18/2018

When opening an UTMA account can the funds be placed in a Certificate of deposit?

Training on Regulations for Examiners

11/18/2018

What specific regulations do examiners look for training on, and how often should it be done?

Checks Payable to Beneficiaries-No IRA Transfer

11/18/2018

We have an IRA customer who has passed away. The beneficiaries want the checks made payable to them without the IRA being transferred into the beneficiaries' names. Can we do that?

Cyber-events and Cyber-enabled Crime (FinCEN)

11/18/2018

As it pertains to the FinCEN guidance in 2016 relating to Cyber-events and Cyber-enabled crime, does the requirement of identifying a suspect still apply, or should banks be filing SARs on cyber-enable crime(i.e., identity theft) if the $5k threshold is met even if a suspect is not identified?

Cashier Checks Deposited Together as Large Deposit

11/11/2018

When two cashier's checks are deposited together and held as a Large Deposit, should $5,000 of the total be made available immediately or is $5,000 from each check ($10,000 of the total deposit) made available immediately?

Latest Compliance - Reg. C Topics

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