Most Popular Compliance Content
Timing of GFE
02/09/2009
If a loan officer generates a credit report for a potential applicant, is a Good Faith Estimate required to be provided? It is my understanding that a Good Faith Estimate is required at the time of application or within 3 business days of receipt of an application. Please clarify this for me.
HMDA Reporting - Closed-End Lines of Credit
02/09/2009
I know that open-end lines of credit are exempt from HMDA reporting, but what about closed-end lines of credit?
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?
Reg D - Allowing More than Six Withdrawals
02/02/2009
What are the Reg D compliance considerations when customers are allowed to make more the six withdrawals from a savings account?
Red Flags - Highest Risk Customers
02/02/2009
What are the highest risk customers for money laundering and what are the specific red flags for unusual transactions within that customer group?