Most Popular Compliance Content
Finding a Census Tract Number
02/02/2004
When trying to find a census tract number, what if the address does not have a street number, just a street name? How do we handle this? Do we not submit the information?
CRA Public File
02/02/2004
If a bank provides its CRA Public File on its intranet or the Internet is it permissible to remove the paper editions from all its main office and branch locations?
Complaint Resolution Under RESPA
02/02/2004
I am in the process of reviewing and updating all of our compliance forms for our residential mortgage applications. On our current RESPA Servicing Disclosure, we state that any complaint resolution must be handled within 60 days of receiving the customer complaint. I am looking at a version (I assume current) in software we just purchased that states the complaint resolution needs to happen with 60 "busines" days. Does the "business" day statement meet RESPA requirements?
HMDA Info on Brokered Loans
02/02/2004
We are a de novo bank (8 months old) and our service area has been designated an MSA. For 2004 we will be a HMDA reporting bank. We have a Real Estate department that originates loans under broker agreements with loans being closed in the name of the investors. One of the brokers requires loans to be closed in the bank's name. Do we need to collect information on all brokered loans or just the ones closed in our name? We will be collecting HMDA information on all required loans that we carry on our books.
Reporting Small Dollar Withdrawn App
02/02/2004
I have an application which was withdrawn. The purpose is for earnest money on the purchase of a house. The amoount is $500.00. I am not sure if this is reportable on the HMDA LAR.