Most Popular Compliance Content
Borrower-occupied or not for HMDA purposes?
06/23/2024
HMDA: If a reportable loan is secured by a residence but the first two borrowers listed it as investment property whereas the third borrower listed it as primary residence, how would you put the occupancy? The first two borrowers are parents of the third borrower, who'll live in the home. Thank you.
Lottery Exceptions
06/16/2024
Now that banks can participate in lotteries, can we facilitate raffles unrelated to the bank for local service groups, posting lobby posters or selling tickets for or be a sponsor, etc.?
Reporting winners to the IRS
06/09/2024
We ran a contest and no prize was over $300. We didn’t need to collect non-public private information from the winners since the prizes were small, did we?
A bake sale by any other name
06/02/2024
Every year we hold a bake sale to raise funds for Breast Cancer Awareness/Local Hospital Foundation. Is this acceptable?
Need training materials on Regulation GG
05/26/2024
I am looking for ideas for training materials on Regulation GG. Also, does Regulation GG only apply to a commercial business that may be using their account as access for internet gambling?