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#38328 - 10/22/02 09:50 PM Fair Lending Notice
Miss Kitty Offline
Platinum Poster
Joined: Mar 2002
Posts: 721
California
We have auditors here reviewing our Note Department as well as Lending Compliance. One of the auditors stated that last week while at another bank that the other bank was cited on the Fair Lending Notice for not having two (2) address for DFI (Los Angeles and San Francisco).

Can anyone tell me when the requirement came out to have two separate addresses for DFI? We're located in Northern CA and have always listed the San Francisco Office. In addition when DFI was here earlier in the year it was not noted as a discrepancy.

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#38329 - 10/22/02 11:08 PM Re: Fair Lending Notice
CalifDreamin Offline
Diamond Poster
CalifDreamin
Joined: Mar 2002
Posts: 2,213
Far from Calif
Cheryle - I believe you are a BCG Member, so I am going to refer you to your BCG Real Estate Lending Manual #8 - See appendix M-1 if you are a National Bank and M-2 if you are a state chartered bank. Very good examples.

Hope that helps.
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#38330 - 10/22/02 11:31 PM Re: Fair Lending Notice
Miss Kitty Offline
Platinum Poster
Joined: Mar 2002
Posts: 721
California
Yes, we are.. Thank you.

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#38331 - 10/23/02 03:43 PM Re: Fair Lending Notice
CalifDreamin Offline
Diamond Poster
CalifDreamin
Joined: Mar 2002
Posts: 2,213
Far from Calif
Here is the place you can find the California law regarding the notice:

http://www.calregs.com/cgi-bin/om_isapi.dll?clientID=271202&hitsperheading=o
_________________________
The opinions expressed are mine and do not necessarily reflect those of my employer
_._._._._._.
A.S.A.P.
Always
Say
A
Prayer
<><

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#38332 - 10/23/02 08:40 PM Re: Fair Lending Notice
Miss Kitty Offline
Platinum Poster
Joined: Mar 2002
Posts: 721
California
Thank you so much for your prompt replies! Life is so much easier with all you BOL Gurus!

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