Most Popular Compliance Content
What is the first hold day for Reg CC
12/25/2022
When you put a funds availability hold on a deposit account does first business day begin the day of deposit, the next day, or next business day?
I don’t need to know banking law, do I?!
12/25/2022
Why do I need to know what actual bank laws say – I can just stick to the regulation, right? Isn’t the law for attorneys to read?
Avoiding Escrow Payment Shock
12/18/2022
If we know a borrower's taxes will be much higher in the second year, are we allowed to use the higher tax amount when we establish an escrow account.........OR..........are we required to estimate the tax payment based on the amount the taxes will likely be the first year and depend on the borrower to VOLUNTARILY add escrow monies to the escrow account to prevent payment shock the following year?
Delivering an FCRA Notice
12/18/2022
Are there any specific delivery requirements for the FCRA Notice to Home Loan Applicant? For instance, does it suffice to make the Notice available through an application portal and not specifically email or mail the notice to the applicant? If it's OK to simply make the Notice available through an application portal, do we need to at least send a communication (i.e., email) to the applicant telling them that a regulatory disclosure is available for their viewing within the portal?
A LAR for small business lending
12/18/2022
When should we expect having to gather small business loan data for Reg B?