Most Popular Compliance Content
Disclosures Within Three Days of Credit Report
05/25/2009
I have been in the mortgage business for 35 years. I am now a consultant and I keep coming across this phrase: "disclosures must be pulled within three days of the credit report". It is my understanding that there is no such rule and I have found many back-dated documents {customer comes back later after the credit pull and proceeds with the loan}. Do you know of any reference to this approach?
Reg O & Executive Officer Account Signer
05/25/2009
I have an executive officer who is a signer on a company account; this company is guaranteeing a loan. Does this loan fall under Regulation O and does this need to go to the board for approval?
Regs Dictating Account Access
05/25/2009
Are there any regulations that dictate what type of access different individuals such as authorized signers, guarantors, trustees, etc., would have to accounts (particularly via internet banking)?
Bank Debiting Account after Loan Charge Off
05/25/2009
After a bank charges off a loan, can the bank go into the customer's checking account electronically and withdraw all the money in that account? The client had withdrawn their consent for the bank to do automatic withdrawals more than a year prior.
Cost Effective Third Party Risk Management
05/25/2009
How can the bank cut cost in risk and compliance management for third parties?