In today's banking environment (post repeal of Reg Q in 2011), what factors are used to determine whether an interest bearing checking account qualifies as a NOW account?
What is the process for handling a cashier's check that came in through the Fed cash letter, that has a stop payment on it and also we have a signed declaration of loss. I know we can't return it as a stop payment. Is there a way to return it or would we deal directly with the BOFD?
If we take a loan app over the phone, web page or in person, how long do we have to keep each?
We have a customer whose DDA is overdrawn. Today he made a request to do a wire transfer to be paid with cash. The transaction was completed. My question is after the fact and for future reference, could we have refused the wire transfer request until his DDA was no longer overdrawn?
If we use the standard Closing Disclosure form for a transaction involving a seller, do we have to use the standard form for the Closing Disclosure for a simultaneous subordinate loan that finances the down payment?