Most Popular Compliance Content
Check 21 notices to ALL accounts?
01/03/2005
We are getting ready to send out our notices for Check 21 and are a little confused. It states that it affects ALL types of deposit accounts. We currently have the following products:<ul><li>Money Market Account<li>Super Now Accounts<li>Statement Savings<li>Regular Checking<li>Time Accounts<li>Christmas Clubs</li></ul>Are we required to send to all?
Records Retention More Than 5 Years?
01/03/2005
Are there any documents or transactional records that need to be retained longer than five years?
Signage Required for Holiday Closings
01/03/2005
Are there any compliance issues involved in the time frame for posting your holiday closing signs?
What Fees are Marked as Prepaid
01/03/2005
Of all the settlement fees that can be found on a HUD and GFE, which ones should be marked as a prepaid finance charge? Or, if it's easier, what shouldn't be marked as a prepaid finance charge?
The Ins and Outs of Credit Scoring
01/01/2005
It is talked about in many contexts. It is a term tossed about without clear definition. It engenders fear and caution among lenders. It raises compliance concerns.