Most Popular Compliance Content
HMDA - Double Reporting?
01/12/2009
If we have a balloon note coming due and we are going to extend the loan out, is it HMDA reportable? We are changing the loan number with no new money and we are not satisfying the mortgage. The original loan is within the same financial institution as the renewal. We reported it at origination of the original loan so if we report it again will it be double reporting?
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?
The Impact of Increased Check Fraud in Tough Economic Times
01/05/2009
What is the impact increased check fraud will have in tough economic times, specifically, as it relates to financial institutions.
Gifts to Top Loan Customers
01/05/2009
Are we in violation of any regulation if the bank purchases fruit baskets from the local FFA chapter and gives them as gifts to our top loan customers at the end of the year?