Most Popular Compliance Content
Retention Period on Home Equity Loan Files
02/23/2004
What is the retention period for home equity loan paid files and/or denied files?
Documenting Receipt of Copy of Appraisal
02/23/2004
Our practice is to give the customer their copy of the Real Estate Appraisal at the time of closing. Is it a regulatory requirement that we have the customer acknowledge receipt of this appraisal in order to document delivery?
Monitoring Information When RE Is Added
02/23/2004
We do a lot of ICS loans and consumer loans with real estate used as collateral on the loan. When the customer comes in they usually ask for a consumer application and bring it back, but in some cases the collateral is not sufficent and we need to use their real estate as collateral. How does that work with the Government monitoring information collection requirements? The loan is considered a consumer loan with real estate for collateral.
SVPCo's Distributed Traffic Agent -- VECOTRsgi
02/16/2004
Our bank is committed to moving into image exchange, but we're not sure how to implement it. Do we have options?
Counting Rescission Days
02/16/2004
We are closed on Thursdays. Do we count that day as a business day for purposes of the right of rescission three business day waiting period?