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?
If we are listing OREO property for sale in the newspaper, must we include the FDIC or Equal Housing Lender information?
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.
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?
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.
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?
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?
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?
What is the latest version of the equal housing lender sign?
What disclosures are required on an outside banner for a HELOC with an intro rate?