Most Popular Compliance Content
Reg. O Demand Clause - Loan Secured by Deposits
02/07/2005
Should the Demand Clause be included on the Promissory Note for a loan to an insider if the loan is secured by deposits in the bank?
1098 Reporting - What is Real Estate?
02/07/2005
I realize that a loan to an individual secured by real estate is subject to 1098 reporting. What is the law cite discussing the definition of real estate for 1098 reporting? I want to be able to document my answers to management.
The Traveling New Accounts Representative
02/07/2005
Is a new account representative soliciting new accounts outside the bank environment able to accept any form of deposit (check or cash) upon establishing a new account? If not, why?
Reporting Line for Compliance Officer
02/07/2005
As to reporting line(s) for the Compliance Officer, is it preferable that he/she report to the board or a committee thereof; the president/CEO; or both?
Are We Responsible for "Buyer's Remorse"?
02/07/2005
I have a member that came in to to fill out an affidavit of forgery on a check that came through her account as pre-authorized signature. She clearly stated on the affidavit that she did authorize the check, but she now found out that this company is a scam. Member did come in within the 30 days from her statement to dispute. But do we have to honor her affidavit when she was at fault for giving out her account number to a company before researching the company?