Most Popular Compliance Content
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.
Maximum Coverage Under NFIP
02/23/2004
Is the maximum amount of NFIP flood insurance coverage still $500,00?
Disclosures Required with ODP Product
02/23/2004
If my bank offers overdraft protection in the form of a savings or money market as a back up account for the primary checking, what, if any, additional disclosures are required? We obviously provide Truth in Savings, account agreements, Reg E, etc.
Tracking Privacy Notices
02/23/2004
Regarding Reg P are you required to track privacy notices sent to customers for the initial and annual notices sent?
Timing for Flood Force Placement
02/23/2004
With respect to Flood force placement guidelines, is it 45 days prior to policy expiration that the letter goes out to the customer, or a reasonable time after expiration that the customer gets notified and then has 45 days after receiving this letter to provide coverage to us?