Bio:
Sam D. Ott is an attorney who specializes in banking and is of counsel with Phillips Murrah P.C. Prior to entering into private practice, Sam was Executive Vice President of Glia Group, Inc., the originator of BankersOnline.com. He was previously General Counsel and Secretary of the Board of BancFirst Corporation and BancFirst. Before his association with BancFirst, Sam served as Assistant General Counsel for The First National Bank and Trust Company of Oklahoma City and General Counsel for both First Interstate Bank of Oklahoma and Boatmen's Bank of Oklahoma.
Contact info:
You can contact Sam by email at sam@dapape.com or by telephone at 405-364-3346.
Questions Answered
12/03/2001
I am refinancing my house and the TIL states two things that my previous loan's TIL does not: <ol><li>This Obligation has a Demand Feature</li><li>If you pay off early, you will not be entitled to a refund of part of the finance charge Can you help me understand what these mean? </li></ol>
12/03/2001
If an UCC-1 was filed prior to July 1, 2001, when and what form do we used to continue the filing?
12/03/2001
Do you consider mobile homes real estate? Without land I would think they would be considered more like a car loan.
12/03/2001
Does the bank have to record the release of a UCC, or is it sufficient to sign the release and give it to the customer and let them deal with it?
08/06/2001
How can I find the details of CHARTERED INSTITUTE OF BANKING IN LONDON OR CANADIAN BANKING DIPLOMA course or any other valued banking diploma courses available at present.
08/06/2001
Do the GLB requirements concerning safeguarding customer information apply to affliates. (Specifically the data protection requirements that are required by July 1, 2001.) The holding company (financial) that owns the bank also owns 1/3 of a non-bank affliate.
08/06/2001
Do you have a resource for Retail Banking Statistics/Study? We are looking for information about the "average number of transactions per teller" and other industry standards for retail banking positions.
08/06/2001
Where can I find a "Uniform Lifetime Distribution Table"?
08/06/2001
We are thinking about getting a DSL line for one of our departments. They have five PCs that we would want to be able to share the line. Would this present a problem?
08/06/2001
Are there any laws/regulations that you can't open a deposit account for a minor (under the age of 18)? If we can, can the minor be the only person on the account or do we need a parent/guardian on the account?
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