Are HSA custodians required to differentiate between employer and employee HSA contributions?
Must a Home Equity Early Disclosure be given to a borrower three days prior to closing or within three days of application?
We have a direct mail letter going out that has a coupon for $150 off closing costs for a new mortgage and no closing costs for a home equity. We do not advertise any rates, as this will be an ongoing mailing. What do we need to disclose?
We are currently advertising that we have no closing costs associated with our HELOC products. Is it true that as of October 1, 2009, if we continue to advertise no closing costs this becomes a trigger term and requires additional disclosures? If so, what additional disclosures are required?
Can a Home Equity Loan be given on a property owned by a Trust?
We have a home equity product that may have a balloon payment at maturity. Does this have to be disclosed in advertisements for the product?
What are the new rules concerning tax deductibility when advertising home equity products?
The appearance of "triggering terms" in a HELOC ad require the disclosure of a maximum rate, but there is no mention of a floor rate. If a HELOC has a floor rate, must it be disclosed in an advertisement? If the floor rate has a range, must the range be shown and the criteria that could affect a borrower's specific rate be mentioned?
Isn't there something that states you should not advertise tax benefits or deductability in an advertisement without disclosing that they should consult a tax advisor? If so does it only apply to specific product lines (i.e. deposits, loans, IRA/retirement accounts)?
We issue checks for our home equity product and a customer wants to place a stop payment on one of his or her checks. Can we accept the stop payment order?