Most Popular Compliance Content
Crime in Progress
01/12/2009
How can a teller, loan officer or other bank personnel be sure that a customer's identification (ID) is real/valid?
Adverse Action- File a Copy of the FCAI Disclosure
01/12/2009
Do we need to keep a copy of the Federal Credit Application Insurance Disclosure in our files when an adverse action notice is sent to a customer for a consumer loan?
Flood - Life of Loan Certification Coverage
01/12/2009
For loans that close with subordinate financing (first and second closing together) we currently only order one flood. Does the life of loan certification cover both the first and second loan?
RESPA - Title Company Broker Fee
01/12/2009
In the HUD settlement for a purchase of a 1-4 family dwelling for rental purposes, the title company included a broker fee in addition to the commissions earned by the real estate company as part of the settlement to be paid at closing by the buyer/borrower. Should we accept this as part of our settlement without proof that the fee was earned by the real estate agent? Assuming it is a legitimate fee, should this be disclosed as a finance charge for APR calculation?
Large Cashier's Check - Next Day Availability
01/05/2009
Does a cashier’s check for $10,000 have next day availability or does the large deposit exception take place?