Most Popular Compliance Content
TIL Disclosure Statement - List Fees?
05/11/2009
Should we list the filing/recording fees on the TIL disclosure statement on a consumer loan for a residential purchase in which the bank pays all closing costs?
Reg Z - Lot Loan to a Family Trust
05/11/2009
For purposes of Reg Z, is a residential lot loan to a family trust considered a consumer transaction?
New RESPA Rules - Tolerance for Fees
05/11/2009
The new RESPA rules include "tolerance" for fees quoted on the GFE. It states that tolerance is the maximum amount by which the charge may exceed the amount of the estimate. It does not say that there is a limit for a fee to decrease. Is there a penalty if our fees happen to decrease by any amount?
RESPA - Compliance Vs Lender
05/11/2009
Requirement to send GFE and ETIL upon application when property is identified; lenders think that property is not identified until there is an accepted offer to purchase, i.e. contract. Compliance feels that when the applicant finds a property that they want to negotiate for, that is the trigger for the disclosures, and the lender should be in contact with the applicant to get the property address. RESPA doesn't define what constitutes the identification of the property. Who is correct, Compliance or Lender?
Cost Effective Third Party Risk Management
05/11/2009
How can the bank cut cost in risk and compliance management for third parties?