How long does the bank have to return a stock certificate once a loan has been paid in full? Would this be the same as any other collateral actually held for safekeeping?
Can we legally remove funds from an HSA to pay a charged-off account?ran
In regards to Reg O, specifically executive officers, how does CD secured fit in? For example, can you loan over $100K (not for 1st lien mortgage or child's education) if the loan is CD secured? Additionally, if it is CD secured are you still required to get a financial statement?
Our bank uses a manual tickler. What other options do we have?
What’s the first step to working through a paper loan backlog?
Most of our customers are depositing checks remotely using a check scanner. We spot check deposits over a certain amount and have noticed occasionally some are made payable to multiple payees and they are not endorsed properly. We normally put a Reg CC hold on the deposit because most of the time the check is returned. We had one instance where the check was not returned and now the bank that issued the check is asking us for the funds back (6 months later) because of missing endorsements. We can't prevent the customer from depositing the check (unless we take the machine away), but what options do we have to get the other bank to return it, sooner than the 7 days?
Can a Roth IRA take in $50k as a loan and carry it as a liability in order to purchase property which will be listed as an asset?
One of our borrowers is an owner of one unit of a condo. The Flood policy is taken by the Condo Association and they are refusing to name my bank as one of the 'loss payee' on the Hazard and Flood policy. In case of a fire, how can we insure that our interest in collateral is protected and the condo association provides the proportional insurance money relating to our collateral to us?
Should a demand deposit account be used as collateral?
Are funds held as collateral exempt from an IRS levy, or do these funds need to be included in the bank's response to the IRS levy received?