Most Popular Operations Content
Home Equity Line of Credit - Open End
03/02/2009
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?
Scan Machine Stamp
03/02/2009
We started using scan machines in our office to make electronic deposits to our business account. We have always stamped the back of our checks "for deposit only" with our name and account number. The machine now puts a stamp on the back of the check with the bank name, date, item number and routing number. Are we required to stamp this check or is the scan machine stamp sufficient? Is there an UCC code to look to for information on this subject?
Check Endorsements of Items Over $25,000
03/02/2009
We check all items over $25,000 for proper endorsement. Is this necessary or is the first bank of deposit responsible for any missing endorsements?
Titling an LLC With a SSN
02/23/2009
How would we title an LLC using a Social Security number?
Adding a Signer to an Estate Account
02/23/2009
Can an Administrator or Executor add a second signer to an estate account?