For what reasons would the right of rescission be waived, other than necessary repairs such as roof, etc.?
Can I charge an advance fee on a consumer line of credit? On a commercial LOC, I know it is ok, but not totally sure on a consumer. If I do, is it ok to waive the fee periodically for certain customers?
If our bank is offering coupons for loan fees discounts, what type, if applicable, of disclosure is necessary, and do we need to provide a 1099 for tax purposes? The amount that we are speaking of is valued at over $10.
The only procedures we have in place for background information on new hires is to pull a credit report and verify references.Can you please share with me some other sources/avenues that you would use in doing background checks on employees?
FDIC has again issued guidance on steps institutions may take to help rebuild areas affected by severe storms. FIL-57-2004. These issuances come out with predictable regularity after bad storms.
We all know that the Achilles heel of the compliance program is commercial lending.