07/23/2012
We do report delinquent consumer loan activity to CRAs. What type of notification is required to the borrower and the CRA when a consumer loan is charged off?
05/21/2012
What is the name of the folder that all banks are required to make available to the customer to see that they are in compliance with fair lending?
03/05/2012
If a bank targets a high net worth geographical are for a marketing campaign, are they up against any regs? Can someone define "Greenlining" please?
09/19/2011
My question is about a refinance of a commercial loan. The loan is secured by customers personal dwelling; the original purpose was to finance his business. Now we are refinancing the loan and since it is secured by his home, some say we need to report HMDA and others say no because the original purpose was not to finance his home but his business. Do we report?
06/27/2011
Are loan modifications required to be reported as CRA loans?
05/02/2011
What are the rules for reporting Consumer Loans on Land for CRA purposes? More specifically, would you use the geo info of the consumer or the land being bought or refinanced?
01/24/2011
We are updating our CRA file. In the area of products and services, we have discontinued a few of our checking accounts. The customers who had one of the accounts that we discontinued were grandfathered and still maintain the account type even though we no longer offer it to customers. In the products and services section of the file, are we required to have information on the discontinued products even though we no longer offer them? Even though we don't offer them anymore they are still a product that we service so we are not sure whether or not to include them in the CRA file.
11/01/2010
When deciding which revenue to use for a CRA small business loan for an individual who files a schedule E-partnerships with passive and non passive income, and also receives K-1s for that company, how do I decide which revenue to use? Do I use line 30 or 31 as appropriate, and add the K-1 distribution back, or do I just use the K-1 distribution amount?
05/24/2010
We have several loan production offices. They don't have cash drawers, are not listed as branches, and they don't service the deposit customer walking in off the street. Do we need signage such as the FDIC stickers? What if a courier for the bank picks up some proof work where only our employees make deposits instead of running to a branch?
05/10/2010
Is there a requirement for lending institutions and mortgage loan servicers to provide payment history to a credit reporting agency?