Most Popular Compliance Content
Commercial Loans: Customer Copy Of Appraisal Required?
05/26/2003
by Mary Beth Guard, BOL Guru
FinCEN Sheds Light on Exemptions
05/26/2003
by Mary Beth Guard, BOL Guru
BankOwned Title Company & RESPA
05/19/2003
If a Bank which has a mortgage department also owns a title company, is the title company subject to RESPA section 8? The Title company is not owned by the holding company, it is owned by the Bank.
Reg E, Disputed Check Card Transaction, and Written Confirmation
05/19/2003
Under Reg E, a financial institution need not provisionally credit the consumer's account if the institution requires, but does not receive, written confirmation within 10 business days of an oral notice.Reg E has a 10day time line for provisional credits and VISA has a 5day provisional credit time line. If a cardholder claims that an unauthorized VISA check card transaction has occurred on their statement and the financial institution had requested a written confirmation from the cardholder and yet it was not provided within 10 business days from the oral notification, is the financial institution obligated to provide provisional credit to the cardholder? If so, which time line should be followed? Also, does Regulation E supersede the Visa Policy?
Dating HUD Statements
05/19/2003
Do all HUD statements have to be dated at the bottom where the borrower signs his/her name?