08/18/2003
I need clarification on a age old rescission question. Wife is borrower on loan, she lives in home, ownership is in both the wife's and husband's names. Husband does not live in the residence (he has his own principal residence). Husband is not on the note, however he did sign the security agreement. Would the husband have the right to rescind? I am a little confused because I have seen a Reg Z article that states "Each person with an ownership interest has the right to rescind even if all the owners don't live in the house."
08/04/2003
As it relates to IT examinations, what are the top "hot buttons" for regulators?
01/06/2003
Are there any requirements or criteria for Penetration testing? Can we perform the penetration testing ourselves? If we hire a third party vendor, should we require documentation saying they are authorized by the Regulators to perform the tests or that the testing will meet certain standards? Does the penetration testing requirement only apply to wired network or do we have to have penetration testing on the wireless as well?