Most Popular Compliance Content
Business Purpose and Exempt from RESPA?
12/08/2008
I have a consumer who owns multiple 1 to 4 family rental properties. He is interested in obtaining loan on one of the rental properties for the purpose of making business investments which may include the purchase of additional investments properties. Would this be a business purpose loan and exempt from RESPA?
Loan Secured by Son's Home - HMDA Reportable?
12/08/2008
A couple bought a home for their son and took out a HELOC secured by their own home. The home purchased for the son was titled in the son's name when purchased. Now the son wants to do a loan secured by that home to pay his parents back. Would this be HMDA reportable? I don't think so because the son already owns the property.
HMDA Reporting - Selling a Participation Loan
12/08/2008
If we sell a participation loan to another bank who reports HMDA?
FDIC Insurance Changes - New Signage Required?
12/01/2008
Should we acquire new FDIC signage to accommodate the new law signed by President Bush on 10-3-2008? What is the time frame that we have to put the signs into effect?
Adverse Action List for the Examiner
12/01/2008
In preparation for an upcoming exam we have been asked to provide a list of customers or potential customers for whom the bank took adverse action on the basis of its CIP. The adverse action is causing confusion. Under what requirements do we consider it adverse action and put the customer or potential customer on this list?