Most Popular Compliance Content
Marriage, Divorce, Name Changes & Red Flag Rules
02/09/2009
With people getting married and divorced I perform a lot of name changes. With the new red flag compliance regulations, what documentation is needed for a name change? In the past we generally just asked to see a license with the new name on it. Is a divorce decree or a marriage certificate the proper documentation?
Preliminary TIL No Longer Required?
02/09/2009
After over twenty-five years of issuing preliminary TILs in certain home equity loan transactions, my new bank is telling me it is not required and only necessary at closing. What's the truth in truth in lending?
Purchased Loans - OFAC/USA Patriot Act Compliance
02/09/2009
What would my bank's responsibility be for Patriot Act and OFAC compliance if we purchased a block of loans from another bank? Can we rely on the information gathered in the loan file or would it be best practice to run OFAC again?
HMDA Reporting - Modified Construction Loan
02/02/2009
When a construction loan is modified to become a rental property with permanent financing is it HMDA reportable?
Car Dealership and Customer Credit Reports
02/02/2009
Can a car dealership give a copy of or show a customer his or her credit report?