Most Popular Compliance Content
Changing Required Payment Methods For Safe Deposit Box Rental
10/07/2002
Presently safe deposit renters can either pay by automatic payment from their checking account or send out a annual notice to pay. We are having problems collecting from the customers that we send out notices. Our bank would like to change its policy and REQUIRE renters to have automatic payment from their account or if they don't have an account with us, originate via ACH. Is there any compliance issue regarding the required method of payment? If we require auto payments, I plan to send out a letter to the renters that currently receive notices that they have until the next annual billing to change their payment method.
Lending Protection Insurance Disclosure & RESPA
10/07/2002
Our bank is introducing a new Home Equity Line of Credit loan service. We are considering mortgage lending protection insurance for each line, and wish to pass the premium on to the borrower/s. This would benefit the borrower/s as title policies or certificates would not be required. How should this cost be disclosed under Reg. Z and RESPA?
Banks Should File HIPAA Extension By October 16th
10/04/2002
Banks Should File HIPAA Extension
By October 16th
Documentation: Necessary For Everything
10/01/2002
Loan documentation has been a rallying cry in the arena of fair lending for some time.
Should Bankers Be Seen But Not Heard?
10/01/2002
Bankers tend to be peaceable folk. They mind their business, and the financial business of others, day after day.