Latest Compliance Topics

Regular Children's Savings or UTMA?

05/24/2020

How do you know when to use a regular children's savings or to use the TX UTMA type of account?

New Reg D Regulation Changes for COVID-19

05/24/2020

For the new Reg D regulation changes for COVID-19 in which withdrawal limits are waived, does the bank have to provide a notice of change within 30 days of the change or not? Is the notification requirement waived if the change is temporary and/or the change is permanent?

Is our Drawing a Lottery

05/24/2020

If we have a situation where you name goes into the "hat" if your customer or a referral you made opens an account or deposits $50,000 new funds into the bank. When the prescribed period is over a drawing will be made for a prize (example $500 gift card). This would be a lottery, right?

Personal vs. business account stop payment rules

05/24/2020

Are the stop payment rules different for business accounts than they are for consumer accounts?

Deceased account owner and abandoned property

05/24/2020

Are there different rules around the escheatment timeframes for a deceased account?

Advertising a Drawing

05/17/2020

Can we advertise a drawing on social media only?

Stopping payment on other official checks

05/17/2020

Are loan disbursement checks, escrow checks and accounts payable checks "official checks"?

Jointly payable Treasury check—one deceased

05/17/2020

Can a Treasury check payable jointly (two payees joined by an “&”) be negotiated if one of the payees is deceased, and the executor of his estate is the surviving co-owner of their joint deposit account?

Rules for Giveaways

05/10/2020

What do 'giveaways' fall under? sweepstakes or contents?

Disclosing Escrow Estimates

05/10/2020

Would escrow estimates be reflected on the LE/CD on a junior mortgage if those are being covered by the first?