What is the FDIC definition of a construction loan? What is the definition of a home improvement loan?
According to FDIC regulation, what would be the appropriate way to calculate the necessary amount of flood insurance required for a loan? Can we subtract the site value from the outstanding loan balance and require a minimum of that amount since this is the amount of exposure we have for the building or must we use the market value minus the site value and take the lesser of that amount or the outstanding loan balance?
Do we need to provide insurance disclosures to a customer who purchased credit life A/H insurance on a loan with a business related purpose?
Can the bank set preapproved lending guidance on insiders? We would like to set an aggregate lending limit to each bank insider that would not need board approval if it met certain underwriting guidelines such as maximum DTI, minimum DSC, etc. I believe we would have these guidance levels approved yearly by the board. I am trying to make sure that we are not in violation of anything by doing this.
What is required in a large bank CRA public file?
I work for a community bank and am fairly new to banking. I'm looking for an advertising "Bible." I've found some resources and thanks for everything you do, but haven't found anything that's all encompassing. Any help would be appreciated!
Where can I get new Fair Lending and HMDA posters for the lobby? I have searched the internet, but I know there has to be something I am missing.
When relying on a previous flood certification on a loan that has been renewed, are financial institutions required to give the notice to borrower when the property is located in a flood zone? (Keep in mind we gave and retained a copy of the initial notice in the file.)
Is it a violation if your flood hazard determination reflects one flood zone, but the insurance policy reflects a different zone? Do the examiners focus on the zones or mainly sufficient coverage/timing?
We are a national bank and a member of the FDIC. On our internal calculation of the past due ratio, non-accrued loans are being subtracted from total loans and then non-accrued loans are not considered in the 30, 60, 90+ days past due. Should non-accrual loans be included in total loans since they are loans outstanding? Is there any OCC or FDIC rule that either supports using non-accrual loans or states that non-accrual loans are not to be included in the calculation of total loans and past due percentage?