Most Popular Compliance Content
Lending DDA Funds
03/10/2008
Can banks lend DDA funds? I was under the impression that DDA accounts were not lended or invested.
Using CML LOC as Overdraft Protection
03/10/2008
Can a corporation or business use CML LOC as overdraft protection?
Construction Loans & Reg B Monitoring Information
03/10/2008
When is monitoring needed on a construction loan according to Reg B? Is the absence of a takeout letter indicative of a construction permanent loan? If we don't do takeout letters should we obtain monitoring information on all our construction notes or must the application itself indicate an intention by the applicant to receive long term financing?
Regulations Covering Customer Info Change
03/10/2008
Are there specific regulations on changing a customer's information such as their address and if so, where can I find them?
Credit Card Reapplication Denied - Adverse Action?
03/03/2008
If we close a credit card due to delinquent status and then ask the borrower to reapply to reopen their account and they do not qualify upon the new application, do we send an adverse action notice? Would we mark the spot "we regret that it is necessary to terminate your line of credit"?