Most Popular Compliance Content
Rescission and Security Interest
10/01/2004
Question: We are making a short-term loan for a lot purchase. As an abundance of caution, we are also taking a security interest in the borrower's principle dwelling.
Free and Cost Credit Reports
10/01/2004
Under the FACT Act, consumers will have the right to obtain one free copy of their credit report annually.
HELOC Rescission
10/01/2004
Question: We have a customer who wants a home equity line of credit that will be used to purchase a new home. The line will be secured by the home being purchased.
Regulators Bounce Back
10/01/2004
From the beginning, the regulatory agencies have said it loud and clear: they don't like bounce protection.
Customer Follow-Up and Verfication of Requests
09/20/2004
For customer-initiated requests (auto debit setup, removal, name/address changes, due day changes, etc.), is there anything in the regs pertaining to follow-up letters that should be sent to the customer? Some banks send letters reiterating the request/changes made, whereas others don't.