Skip to content
BOL Conferences
Thread Options
#1404235 - 06/16/10 01:32 PM Compliance exam
Julie C Offline
100 Club
Joined: Nov 2005
Posts: 100
Indiana
Has anyone had a compliance exam since the new RESPA rules became effective in January? I remember reading a bulletin stating that examiners were to take all of these changes into consideration and to be less strict when the bank was in good faith trying to comply with all of the new regulations.

I no longer have a copy of this bulletin - I think that it was from FDIC. Does anyone know where I can find it?

Return to Top
RESPA
#1404273 - 06/16/10 02:10 PM Re: Compliance exam Julie C
Book Nerd Offline
Gold Star
Book Nerd
Joined: Jun 2007
Posts: 447
New England
You can find a copy of it here on HUD's website. HUD Notice

We had our exam in February, and RESPA was reviewed.
_________________________
Sometimes the questions are complicated and the answers are simple. - Dr. Suess

Return to Top
#1404294 - 06/16/10 02:30 PM Re: Compliance exam Book Nerd
Kahola Offline
Platinum Poster
Kahola
Joined: May 2001
Posts: 712
Scottsdale, AZ. 85255
We just had an exam,OTS is our regulator, and they did not give us any breaks even though HUD said they should.

Return to Top
#1404453 - 06/16/10 04:47 PM Re: Compliance exam Kahola
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
Previous discussions.

The regulatory agencies are under no obligation to abide by the moratorium HUD said they would observe.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#1404607 - 06/16/10 07:55 PM Re: Compliance exam Dan Persfull
Kahola Offline
Platinum Poster
Kahola
Joined: May 2001
Posts: 712
Scottsdale, AZ. 85255
And the OTS did not.

Return to Top
#1404731 - 06/17/10 03:44 AM Re: Compliance exam Kahola
jlroberts Offline
Diamond Poster
jlroberts
Joined: Sep 2009
Posts: 1,601
Ohio
We just had our OTS exam and didn't have any problems. smirk

Return to Top
#1404878 - 06/17/10 02:35 PM Re: Compliance exam jlroberts
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
good for you, jl!
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

Return to Top

Moderator:  QCL