Most Popular Operations Content
HMDA Rate Spread - HOEPA Disclosures
02/04/2008
If the HMDA rate spread exceeds the 3% threshold on a first mortgage, other than reporting it, is the lender obligated to provide any disclosures to the borrower as HOEPA requires?
Pay Off Quote - Customer Notice
02/04/2008
If a closing attorney or title company requests a payoff quote on a commercial loan does the customer have to authorize it in writing for the bank to give that information?
New Account Promo - Regulations Triggered?
02/04/2008
We would like to run a promotion by offering our customers $25 to open a non-interest bearing account and another $25 if they sign up for direct deposit which totals to $50. Can we run this promotion without triggering any of the regulations?
Prize Drawing Tied to Auto Loan
02/04/2008
The savings and loan I work for wants to reward customers who have financed a $25K car loan by placing their names in a drawing to win prizes such as cruises or tickets. Can we do this and if so, what regulations apply?
CD and Gift
02/04/2008
In our ad, we mention you can get a free gift if you make a deposit of $xx into a savings account or open a new CD. We advertise our savings rate and have the disclosure for that. Do we have to say anything else about the CD?