Most Popular Compliance Content
Date of Deposit Causes Reg D Violation
09/08/2008
When we monitor our customer's accounts for Reg D violations, can we use the check date on third party items as an indicator for violations? As an example, our customer wrote three checks in May. His third check didn't clear until his June statement which caused him to go over the limits in June. He had already written his three monthly checks for June, but didn't know that one of his May checks was still outstanding. His payee didn't deposit the check until June, so four ended up clearing for that 30 day period in June. He has no control over when his payee will deposit his check, but it puts his account in violation. As long as we treat every account the same way and verify every check date for transit items, would we be following Reg D?
Rate History Disclosure
09/08/2008
Is a bank or credit union still required to provide a Home Equity Early Disclosure showing a 10 or 15 year history of the rate? If so, what is the Reg that governs this requirement?
Disclsosures for a Complete App with a Property
09/08/2008
What preliminary three day disclosures are required when you have a complete application with a property? What FHA disclosures are required?
Federal Credit Application Insurance Disclosure
09/08/2008
Should a federal credit application insurance disclosure be signed when applying or receiving a small business loan?
Implementing Red Flag Compliance Measures before the November Deadline
09/08/2008