One recent court case held that disclosures on a website were not conspicuous because it was not set apart from other text sufficiently and other distractions on the page drew away the readers attention.
Training is a Pillar of your BSA/AML compliance program. And there is so must to train on! A new CTR, big changes on a new SAR, new beneficial ownership rules and risk-based customer due diligence. Is your staff ready and trained?
Recorded on September 06, 2018
IRS Reporting Requirements: 1098s, 1099s, TINs and Backup Withholding
Since December 29, 1987 banks have been required to develop and deliver Adjustable Rate Mortgage (ARM) program disclosures for each different ARM program offered. The disclosures must be updated at least annually.
The deadline is approaching for compliance with “TRID 2.0.” The first TRID rules left us with lots of questions, but the 2017 changes have cleared up much of the confusion, while adding a few complexities.