Skip to content
BankersOnline.com for bankers. from bankers
BankersOnline.com
Training
Forums
Newsletters
Forms
Regulations
Tools
Services
Search form
Search this site
Home
Compliance
New
Top Stories Compliance
Related Sections
Training
Compliance Tools
OFAC Updates
Deadlines Calendar
Penalties
Regulations
Compliance Action
Courtwatch
Ask a Guru
Upcoming Conference
BOL Conferences
Premium Service
BankCompliance.com
Lending
New
Top Stories Lending
Related Sections
Training
Lending Tools
OFAC Updates
Penalties
Compliance Action
Courtwatch
Ask a Guru
Upcoming Conference
BOL Conferences
Operations
New
Top Stories Operations
Related Sections
Training
Operations Tools
OFAC Updates
Penalties
Courtwatch
Ask a Guru
Bankers' Hotline
Upcoming Conference
BOL Conferences
Security
New
Top Stories Security
Security Briefing
Related Sections
Training
Security Tools
Bank Robbery Suspects
Alerts & Counterfeits
OFAC Updates
Penalties
Courtwatch
Ask a Guru
Bankers' Hotline
Upcoming Conference
BOL Conferences
Technology
New
Top Stories Technology
Tech Talk
Related Sections
Training
Technology Tools
Penalties
Courtwatch
Ask a Guru
Bankers' Hotline
Forums
·
Active Threads
·
Forum Rules
·
Mark All Read
·
Log In
BankersOnline.com
Forums
Banker Forums
Deposits and Payments
Truth in savings disclosure
Thread Options
#892911
-
01/24/08
04:26 PM
Truth in savings disclosure
VWgirl21
100 Club
Joined:
Jan 2008
Posts: 199
The Bluegrass
A truth in savings discolsure states "no interest will be paid on accounts with accrued interest of $1.00 or less." Is this allowabe? And if so would this be considered a fee or penalty?
_________________________
CRCM
Return to Top
Deposits and Payments
Register Now
#893688
-
01/25/08
03:46 PM
Re: Truth in savings disclosure
VWgirl21
A D Virr
Gold Star
Joined:
Oct 2000
Posts: 398
Derry, NH
No fee and not a penalty. If it is disclosed in the TIS disclosures that $1.00 is the minimum to earn interest, it is allowable.
_________________________
Allan D. Virr, CRCM,CRP
Compliance Audit Solutions, LLC
Return to Top
#893690
-
01/25/08
03:48 PM
Re: Truth in savings disclosure
A D Virr
#Just Jay
10K Club
Joined:
Oct 2006
Posts: 14,390
Cheeseheadland
AD, re read the post...
_________________________
I don't repeat gossip, so listen closely...
Return to Top
#893697
-
01/25/08
03:54 PM
Re: Truth in savings disclosure
#Just Jay
A D Virr
Gold Star
Joined:
Oct 2000
Posts: 398
Derry, NH
You're right. I never have seen a TIS disclosure with that specific language. That does not conform to Reg DD disclosure rules. Good catch,bbsgrant.
_________________________
Allan D. Virr, CRCM,CRP
Compliance Audit Solutions, LLC
Return to Top
#893703
-
01/25/08
03:58 PM
Re: Truth in savings disclosure
A D Virr
#Just Jay
10K Club
Joined:
Oct 2006
Posts: 14,390
Cheeseheadland
I get one once in awhile.
VWgirl21... do a quick search about this... there was a similar thread in the past week or so that discussed this same issue a bit further.
_________________________
I don't repeat gossip, so listen closely...
Return to Top
Previous Thread
Index
Next Thread
Preview
Hop To
Special Instructions ------
Instructions for Accessing PRIV...
Dodd-Frank Final Rules Discussions ------
Regulation B Small Business Loa...
TRID - TILA/RESPA Integrated Di...
Ability to Repay/Qualified Mort...
Escrows on Higher-Priced Mortgages
HOEPA and Homeowner Counseling Rule
HMDA Overhaul 2018
Interagency (Reg Z) and CFPB Re...
Loan Originator Compensation Rule
Mortgage Servicing Rules
Remittance Transfer Rule
Banker Forums ------
Comments on Proposed Regulations
Article 9
Audit
BSA/AML/CIP/OFAC Forum
CRA
Deposits and Payments
Disaster Recovery
eBanking / Technology
Fair Lending
FCRA
Financial Reform
Flood Compliance
General Discussion
HMDA
Human Resources
Lending Compliance
Lending to Servicemembers (SCRA...
Marketing
Need to Remain Anonymous
Newbie Nook
Operations Compliance
Regulatory Rollback Forum
RESPA
Risk Management
S.A.F.E. Act Forum
Security - PUBLIC
State-Specific Compliance Issues ------
Other States - General
Puerto Rico
Arkansas
California
Colorado
Connecticut
Florida
Georgia
Illinois
Indiana
Iowa
Kentucky
Louisiana
Maryland
Massachusetts
Michigan
Minnesota
New Hampshire
New Jersey
New Mexico
New York
North Carolina
Ohio
Oklahoma
Pennsylvania
South Carolina
Tennessee
Texas
Virginia
Washington State
Washington, DC
Wisconsin
Wyoming
Non-Business Discussions ------
Chat! - BOL Watercooler
The BOL Couch
Moderator:
John Burnett
Print Thread
View Profile
Private Message
Follow User
Forum Posts
Like Summary
View Profile
Private Message
Follow User
Forum Posts
Like Summary
View Profile
Private Message
Follow User
Forum Posts
Like Summary
View Profile
Private Message
Follow User
Forum Posts
Like Summary
View Profile
Private Message
Follow User
Forum Posts
Like Summary