Most Popular Compliance Content
"3 Day Docs" Signature Time Frame
10/09/2006
When we send out the "3 day docs" what is the rule on the signatures in order to be in compliance? Do we have to have the docs signed and back in our office within 3 days of sending them out?
Flood Certificates for Subdivision
10/09/2006
If a construction loan is for a subdivision does the lender have to obtain individual flood certificates on each lot number or is one flood certificate with the range of numbers acceptable?
Short History of NOW and MMDA Accounts
10/09/2006
I'm looking for someone who remembers when MMDAs and NOW Accounts were legalized for banks. Seems like MMDAs were first, the fall of some year, then NOW Accounts were authorized at 5.5% for commercial banks on January 5th of the next year. Was that 1980-1981? I'm trying to educate some younger bankers on Reg D and the history of reserves, NOW Accounts, etc.
Is Reg P Applicable to DBA Accounts?
10/09/2006
I was told that Reg P does not apply to commercial accounts. Does that mean that a person DBA isn't entitled to the same privacy standard we would give our individual customers?
Affiliated Business Arrangement
10/09/2006
I recently was assigned the task of reviewing all our bank's loans for documentation and compliance errors. My question is on a 2nd mortgage home equity loan do we need the affiliated business arrangement when we make the referral to our title company that is owned by a board member? We do the ABA on the refi and purchase side but I have not seen the ABA in any home equity files that I have reviewed.
