Most Popular Compliance Content
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?
FDIC Ruling Applicable to Commercial Loans?
11/03/2008
Does the FDIC ruling (Section 202.7) on evidence of joint application apply to commercial loans?
Performing Risk Assessments
11/03/2008
What individual risk assessments is a bank expected to perform? How do the individual risk assessments fit together with an "enterprise risk assessment"?
Implementing the Red Flags Change of Address Verification Requirement
11/03/2008
Under the new Red Flag Rule guidelines how can our institution implement the change of address verification requirement?
Became EO After Obtaining Loan - Reg O Violation?
11/03/2008
We have an employee who obtained a $250,000 loan secured by a second trust deed on his residence and used the proceeds to purchase a new home. After the loan was made the employee was promoted and is now an executive officer of the bank. Do we have a potential Reg O violation? The credit does not fit within the established exemptions and is in excess of $100,000.