Most Popular Compliance Content
Home As Collateral for Business Loan
03/01/2004
Is it necessary to provide a right of rescission when a personal residence is taken as collateral on a commercial loan transaction?
Advertising a Stepped-Rate CD
03/01/2004
When advertising a stepped-rate CD, is a bank required to include all applicable simple interest rates along with the period each is effective (not more conspicuous than the APY)? For example, the bank offers a 60-month CD at 4.20% for the first 12 months then 3.45% for 48 months, 3.65% APY. Can the Bank advertise the 4.20% for 12 months and the 3.65% APY without mention of the rate in effect for the remaining 48-months (3.45%)?
Loans and Kickbacks
03/01/2004
Question: Our bank is losing a lot of loans to other lenders that give dealers a certain percentage back on all loans they refer to them.
Lending referrals
03/01/2004
by Lucy Griffin, BOL Guru
Guru Bios
Burden Relief?
03/01/2004
In the process of reviewing regulations to identify candidates for regulatory burden relief, the banking agencies have come around to the consumer protection list.