Most Popular Compliance Content
FDIC Insurance & Sweep Accounts
01/05/2009
The Temporary Liquidity Guarantee Program offers unlimited non-interest bearing accounts. What about our sweep accounts that sweep nightly into or out of an interest bearing account? Do only the funds held in checking accounts have unlimited coverage and interest bearing accounts have the $250,000 coverage?
Large Cashier's Check - Next Day Availability
01/05/2009
Does a cashier’s check for $10,000 have next day availability or does the large deposit exception take place?
Co-Borrower Added - Provide New Early Disclosures?
01/05/2009
A customer applies for a mortgage loan and three days before loan closing, the customer wants to add a co-borrower. Should we provide new early disclosures?
HMDA - Repurchase of Loan
01/05/2009
If a company sells a loan to an investor and then repurchases the loan within the same HMDA year, does the sale to the investor have to be reflected on the LAR?
E-Statement Conversion - Signatures on File?
01/05/2009
We are going to start converting customers to an e-statement program. From what I can tell the only compliance issue is with the disclosure of e-statement viewing procedures and notification. When contacting our customers by phone we are verifying identity and signing them up for electronic statements. Do we need an actual signature on file?