Most Popular Compliance Content
Closing an OD Protection Line - Give 30 Day Notice
11/17/2008
Does the bank have to provide a thirty day notice to the consumer if they are closing an overdraft protection line?
Just Say APY?
11/17/2008
When responding to oral inquiries about interest rates, is it necessary to use the phrase annual percentage yield when stating the APY? Is it acceptable to just say APY?
New FDIC EH Lender Poster
11/17/2008
Our legal department just notified us that the Equal Housing Lender poster will need to be updated because the FDIC is making changes. Can you tell me where I can get copies of the updated poster? Is it available in both hard copy and PDF format?
Unfamiliar Forms
11/17/2008
In the <a href="http://www.bankersonline.com/tools/respurchaserechecklist.pdf">residential purchase RE checklist</a> there is a CIP disclosure and Privacy Act Notice. We use Bankers Systems forms and I do not recall having seen these forms. Can you tell me what they are?
Collateral & Purpose Codes
11/17/2008
We are reviewing our collateral and purpose codes. Are the codes standardized in the industry or are we free to create our own? Do they flow to the call report?