Most Popular Compliance Content
Denied Loan Retention Schedule
02/16/2009
What is the retention schedule for denied loans?
Reg D - Teller Counter Cash Withdrawals
02/16/2009
Are cash withdrawals made at a teller counter from a passbook savings account limited to six transactions under Reg D and if so, is exceeding the six withdrawal transaction limit a violation?
Marriage, Divorce, Name Changes & Red Flag Rules
02/09/2009
With people getting married and divorced I perform a lot of name changes. With the new red flag compliance regulations, what documentation is needed for a name change? In the past we generally just asked to see a license with the new name on it. Is a divorce decree or a marriage certificate the proper documentation?
Preliminary TIL No Longer Required?
02/09/2009
After over twenty-five years of issuing preliminary TILs in certain home equity loan transactions, my new bank is telling me it is not required and only necessary at closing. What's the truth in truth in lending?
Purchased Loans - OFAC/USA Patriot Act Compliance
02/09/2009
What would my bank's responsibility be for Patriot Act and OFAC compliance if we purchased a block of loans from another bank? Can we rely on the information gathered in the loan file or would it be best practice to run OFAC again?