Most Popular Compliance Content
Tiered Rate Checking Account APY Disclosures
11/10/2008
We are introducing a tiered rate checking account and I am clear on what needs to be included in disclosures, but do I have to disclose different APYs on the statements or can I use a blended APY?
Loan Officer is a Realtor - A RESPA Issue?
11/10/2008
We have a loan officer who is an active realtor. The loan officer doesn't submit loans where he is the realtor, but goes through another loan officer. Is this a RESPA issue? His realtor business is a separate business from the bank.
Reg B & Business Loans
11/10/2008
Does a Reg B joint credit apply only to individuals applying for a loan or does it also apply to businesses? We have talked with banks that are utilizing Reg B on business loans if two or more individuals are guaranteeing the loan or if the loan is to an individual and a business. It is my understanding that Reg B joint credit applies only when two or more individuals are applying for credit for either a consumer loan or a business loan. Is this correct?
Automatic Transfer Service Account Eligibility
11/10/2008
Who is eligible to maintain an Automatic Transfer Service (ATS) account? Is the eligibility the same as NOW accounts?
Shutting Down a Revolving LOC - Compliance Issues
11/10/2008
Do we have any Reg B or other compliance issues if we decide to shut down a revolving line of credit? Would we need to provide a certain amount of time or a notice prior to closing the account despite whether it is currently in default?