Most Popular Compliance Content
Rescission Rights on Collateral Swap
01/19/2004
Does the right to rescind apply when we are just "swapping properties"? We currently hold a 2nd mortgage on a property. That property is being sold and we would like to replace the mortgage with the new property, but not refinance the loan. Does Reg Z apply to this transaction? No new money is involved. Original lender.
Web Site Accessibility and the ADA
01/19/2004
Can anyone give me advice on what the specific requirements are relating to bank Web site accessibility, in accordance with the Americans with Disabilities Act?
Disclosures on Prequals and Preapprovals
01/19/2004
Are preliminary disclosures required on preapprovals when there is no designated property? Borrowers obtain full credit approval, subject to appraisal. Also on prequalifications, are disclosures required? These would be cases that there is no credit verified, only qualified at borrower's verbal communication.
DNE Notification on ACH
01/19/2004
What are the compliance rules involved with DNE notification on ACH's?
Changing Credit Limit on HELOC
01/19/2004
A current HELOC customer would like to change his authorized credit limit. He is still in his draw period. Do we have to accomplish a new note and right of rescission? Any other docs? Or could we just accomplish a Modification Agreement?