If we are listing OREO property for sale in the newspaper, must we include the FDIC or Equal Housing Lender information?
Our bank has a lot of OREO properties that we are trying to sell. In an attempt to get these properties sold, we are creating flyers and putting them up around town. The flyer has a picture of the house for sale, a map of the location of the house, information about the house, and our company logo. There is one sentence on the entire flyer that states that the Bank may be able to offer special financing to qualified borrowers whether they purchase one of our properties as an owner occupant or multiple properties as an investor. We have included the equal housing lender logo on the flyer, but are debating about whether the FDIC logo needs to be included as well. I think it is possible that because we are not advertising a specific loan product (just loans in general) that we might need to include FDIC logo. What do you think?
We are placing our company name, phone and web address in the form of decals on a window at the entrance of our Loan Center Office. Does the Equal Housing Logo have to be included within the decal?
Where is the reg. that states that state chartered credit union must advertise the Equal Housing Act logo on their website, as long as they are allow it to be used as a medium to apply for such a loan?
One of our branches has Facebook and is running a promotion that states 'Mortgage rates are at an all-time low. Now, through October 1st, anyone who turns in a Fannie Mae loan application will be entered into a drawing to win a $100 Visa Gift Card. I question the legality of this type of promotion. Please help me understand the ramifications this could cause.
If we put an on-hold message on our phones that mentions we have competitive rates for refinancing home purchase, do we need to say Equal Housing lender after each message?
What is the correct address for the OCC to be displayed on equal housing lender signs?
I once read something that stated the Equal Housing Lender logo (EHL) should be displayed anywhere a home loan application is received. Should a national bank have the EHL logo displayed on each loan officer/customer service desk where home loan applications are received or is the lobby poster sufficient?
Our bank compliance officer left last fall for another job. I am in charge of our electronic sign and need to find out where there is a clear/concise source of information that guides us in what we have to disclose on the sign for interest rates, terms, etc.
Our website lists Equal Housing Lender (no house) and Equal Opportunity Lender. I advised that we just needed Equal Housing using the logo not the words and drop the other. I was told that a consultant said both were required. I find nothing to support that. We are a state chartered Fed member bank. What is correct?