Latest Lending - Equal Housing Topics

ECOA Requirements for Conditional Approval Letter

01/01/2017

I am trying to find out what the federal regulators would require we have on a Conditional Approval Letter issued to a borrower. Like the FDIC logo, Equal Housing, etc. What does ECOA require be on this letter?

FDIC and Equal Housing Lender Information Relative to Advertising OREO Property

07/12/2015

If we are listing OREO property for sale in the newspaper, must we include the FDIC or Equal Housing Lender information?

Equal Housing Lender Logo/Disclosure On Website

05/26/2014

On our banking website do we need both the equal housing lender logo AND disclosure? I read that we do but can find one banking website that actually does.

Logo on Adverse Action Notice

03/28/2011

In order to comply with Fair Housing Lender requirements, is the lender required to include the Equal Housing Logo on the Adverse Action Notice form?

Displaying Bi-lingual Equal Housing Lender Poster

02/07/2011

Is a bank required to have the Equal Housing Lender Poster displayed in a language other than English? We have a Spanish version, but it is not displayed.

Lending Production Office, FDIC Signs Required

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?

Print Ad - Mortgage Lending Compliance

09/21/2009

One of our mortgage lenders would like to place an ad in the classified portion of the local newspaper. The ad reads: Have you filed bankruptcy or had your home foreclosed on in the past two years? Call [name] to get your credit checked. You may be eligible to purchase a home. Numerous programs available to be a homeowner again. Then she lists her name and cell phone. The bank is not mentioned. Does it need to be? Would this ad be considered compliant? What would make it compliant? Is this a bad idea?

EHL logo on Commercial Loans

09/14/2009

Our commercial lending area is using the website to advertise their products. As commercial lenders, they maintain they are not held to the same requirements as our home mortgage lenders. One example is the Equal Housing Lender logo. It isn't on the web page and we believe it should be in order to be in compliance. Who is right?

Equal Housing Lender Sign - Latest Version

11/17/2008

What is the latest version of the equal housing lender sign?

Outside Banner Advertising a HELOC

04/14/2008

What disclosures are required on an outside banner for a HELOC with an intro rate?