Most Popular Operations Content
Advertising Free Appraisals
01/11/2010
Our mortgage department wants to run an ad stating "Free Appraisal for purchase loans closed between Jan 1 and June 30, 2010. Valued up to $400 for any home purchase." Is this considered a triggering term? I tend to believe it is, since the rule says "the amount of any finance charge", but I'm just not 100% sure. Any thoughts?
Statements and FDIC Logos
01/04/2010
Do our bank statements need to show the FDIC insurance logo?
Commercial Customers Rights & ACH Disputes
01/04/2010
Does a commercial customer have the same rights as a non-commercial consumer regarding ACH disputes for an item he/she wishes to be returned?
Difference Between IRA Custodian & IRA Trustee
01/04/2010
What is the difference between an IRA Custodian and an IRA Trustee?
Custodial Account vs UTMA
01/04/2010
What is the advantage of setting up an UTMA account rather than a regular custodial account? For example, we have a parent who wants to set up a custodial account with a fourteen year old who has a job mowing lawns and wants to deposit his earnings. We cannot open an UTMA account, because the funds can only come from gifts, judgments, testamentary disposition, rep payee funds, etc. Does a custodial account have the same protections as an UTMA account?