APYE Disclosure
04/01/2002
For a customer savings account, if I capitalize daily and issue statements on a monthly basis, how will I quote the APYE (annual percentage yield earned) on the statement under Reg DD?
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04/01/2002
For a customer savings account, if I capitalize daily and issue statements on a monthly basis, how will I quote the APYE (annual percentage yield earned) on the statement under Reg DD?
03/11/2002
What is the penalty a bank would incur if a CTR was required for a transaction but never completed?
03/11/2002
We are receiving conflicting information on Reg Z disclosure requirements for HELOC. We provide an initial disclosure and booklet at the time of application. However, Reg Z appears to also refer to another disclosure at consumation of the transaction. Must we redisclose assuming no terms have changed from the time of original disclosure?
03/11/2002
If a customer applies for a loan secured by residential property and we give them a good faith estimate and they come in a few days later requesting a loan for a larger amount, do we need to give them a revised good faith based on the larger amount?
03/04/2002
I understand one of the provisions of the USA PATRIOT Act requires covered financial institutions to produce records relating to its anti-money laundering compliance within 120 hours of request. Is this 120 actual hours or businesss hours.
03/04/2002
Recently, a branch person asked me for a brochure that supposedly has been published by a government agency, which can be handed out to a customer explaining the Bank Secrecy Act and why we must collect information necessary to complete a large currency report. Do you know of such a publication? I have searched numerous government sites and haven't, as of this date, been able to locate such a brochure.
03/04/2002
What is the "official" definition of the lending word "refinance"?
03/04/2002
What is eBanking? Without relating to any specific bank, How does it work? What are the advantages and disadvantages using ebanking?
03/04/2002
How long do we keep dead files, commercial and consumer? Are we required to notify commercial customers in writing?
03/04/2002
Can a 10year balloon loan be modified so that the payments stay the same and pay out in an additional 5 year term? Or do all new disclosures for Reg Z apply?