Most Popular Compliance Content
HMDA Reporting - Wholesale Lender
03/31/2008
I am a wholesale lender, do I need to report HMDA?
Tree Removal & HMDA Reporting
03/31/2008
Would tree removal from a property with a house on it be HMDA reportable?
HOAs & the USA Patriot Act
03/31/2008
An issue has arisen at my bank concerning the need for a signatory on a homeowners association account to submit his social security number. My bank's BSA Officer believes that he must do so. I am not so sure. This individual has no personal accounts with our bank, but is listed as a signatory on two accounts dealing with homeowner's associations. The person in question refuses to give his social security number. How are HOAs classified for purposes of the USA Patriot Act? It's my understanding that the HOA is the owner of the account. I know that the signatory situation was in the proposed rules, but not the final ones. I would appreciate it if someone could provide me with some guidance.
Mortgage Credit- Requiring Deposit Account Prohibited
03/24/2008
Are there any regulatory restrictions prohibiting a bank from requiring a deposit account as a condition for extending mortgage credit? I'm aware of Reg Z 226.18(r) and can find no other reference, but one of our senior officers insists that he has recently seen some sort of regulatory restriction on this issue.
HMDA Reportable - Tax Saver
03/24/2008
Is a refinance of a tax saver loan HMDA reportable?