06/24/2013
My question is about the fee summary at the end of a checking statement. The Total for this period column would be for that specific statement cycle. The Total Year-to-Date column is where my question comes. Assuming that an account had NSF/OD from 12/18/12 thru 12/28/2012 and the statement cycle was 12/18/2012-1/17/2013. The first statement printed in 2013; the Total Year-to Date field should be zero, correct; however the Total for this Period would include the fees for the entire statement cycle. From a compliance perspective, the Total Year-to-Date column would be missing any fees that happened between 12/18/2012-12/31/2012 correct?
06/24/2013
On a one-time close of a construction to perm loan, if a modification is done are new disclosures required (other than flood)?
06/03/2013
Are any TILA disclosures required when an open end HELOC has the option to fix portions of the line during the draw period? The fixed loan options are tied to the line and work like a credit card with fixed rate options.Where in Reg Z is this addressed?
06/03/2013
Can we change the business address on the system from the owners home address to the address where the business is conducted without written authorization from the business owner?
05/27/2013
If you stop offering the ability to write checks from your money market account, what disclosures or notice must you give to your customers?
05/06/2013
I want to change the payment terms (lower the payment amount) on a consumer car loan because the borrower made a large principle reduction. Rate, maturity date, and payment date will stay the same. I would also like to release unneeded collateral due to the significant decrease in the loan balance. What disclosures are required?
04/22/2013
If I email the disclosures to the client and they acknowledge receipt, can I order the appraisal on the same day?
04/08/2013
If a customer opens a new account and is given Reg E disclosures at that time and later requests an ATM or debit card, do disclosures need to be provided again with the card even if they are the same as previously provided? What is considered close proximity?
03/25/2013
Regarding overdraft repayment plans: Reg Z disclosures will be triggered if the loan is payable by written agreement in more than 4 installments. So, as long as the written agreement says 4 or less payments, may the consumer make bi-weekly payments totalling 8 payments until paid in full and still be compliant without giving Reg Z disclosures?
03/25/2013
We are getting really to roll out eStatements. Where do I find information on who is required to sign an Opt In/Opt out agreement (Business or Personal Accounts)? When must the statement be available to view online? etc etc.