Most Popular Compliance Content
List of Notices to Post in Bank
03/23/2009
Where can I find a list of all the notices with size requirements that must be posted in the bank?
Resubmit Disclosures in Surviving Spouse’s Name?
03/23/2009
We received an application for a mortgage loan. The husband and wife applied jointly and all compliance disclosures were prepared in both names and then the wife passed away. Do we need to resubmit all the compliance disclosures in just the surviving spouse’s name?
RESPA - No Disclosures Required?
03/16/2009
Are all loans that are limited to a two-year term or less considered temporary financing and so RESPA disclosures would not be required?
Reg E - Definition of Point of Sale Transaction
03/16/2009
I work for a third-party service provider for financial institutions in the compliance area for credit cards. I am trying to get my hands around a procedure due to non-compliance and there is no definition of POS that I can find. The problem is that I am fighting with the manager regarding the error resolution 45-day requirement vs the 90-day requirement. She is telling me that everything we do is POS and I need to verify that. My thoughts about a POS were that it was always a pin-based transaction and if you use your debit card as a credit card through Visa or Mastercard it falls into the Reg Z realm. Can you help me with this?
Reg D - MMAs Vs Savings Accounts
03/16/2009
Does Reg D apply differently to MMAs than to personal savings accounts? I was told by a senior banker that personal savings accounts were not able to write or order checks. I know that we are able to order MMA checks, so I questioned her. She then stated that personal savings accounts are subject to different applications of Reg D. She stated that this was because MMAs have higher balance requirements so they are given the option of drafting checks. Is she correct?