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#785741 - 07/30/07 06:19 PM Most Common Loan Compliance Violations
Lavender Offline
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Lavender
Joined: Jun 2003
Posts: 335
Does anyone have a list of the above that I can have?

Thank you in advance!
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Lending Compliance
#785761 - 07/30/07 06:39 PM Re: Most Common Loan Compliance Violations Lavender
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
The FDIC use to put out a list but I haven't seen one for quite some time. I'll start and then maybe others can add to it;


TIL (APRs - pre-paid finance charges)

Flood (Determination zone vs policy zone, insufficient coverage, no coverage, notice violations)

RESPA (GFEs, HUDs and Escrow analysis)

HMDA

FCRA (have you incorporated the FACT Act amendments to the FCRA into your policy)

ECOA (joint intent, spousal signatures)
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#785763 - 07/30/07 06:42 PM Re: Most Common Loan Compliance Violations Dan Persfull
Lavender Offline
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Lavender
Joined: Jun 2003
Posts: 335
I found this link for the Federal Reserve in Kansas City

http://www.kc.frb.org/Banking/References/CommonComplianceViolations.htm
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