Most Popular Compliance Content
CTR When Cashing Checks for Others
02/09/2004
With regard to the multiple person section of the CTR, is it necessary to file a CTR for an indivudal who presents with checks to cash for others, when no single check is in excess of the requirement, but the aggregation is? Does it make any difference if the person transmitting the funds on behalf of others is employed by the check factor or buyer?
Board Approval of Policies
02/09/2004
Does the board have to approve all written policies?
HELOC Tied to ODP
02/02/2004
Can a home equity line of credit be set up contractually to also be used as overdraft protection (i.e., an automatic sweep from the line to cover any overdraft that may occur in the customer's checking account)?
Timing on HOEPA Disclosures
02/02/2004
When disclosing a HOEPA loan we are required to provide borrower with HOEPA disclosures 3 days prior to closing the loan. If the loan has a 3 day right of recission, are we in compliance by disclosing at the time the loan is closed if funding of loan is not until 3 days?
Exception to LTV Ratio
02/02/2004
Is there a compliance issue if you make an exception to your fixedrate home equity policy in order to extend the loan to value ratio from 80% 95% for one customer?