09/24/2012
On an estate account, to place an New Account hold, do all customers have to be less than 30 days with the bank? Will the Reg apply to all customers (executor, auth. signer, etc.) on the account or just owners?
08/06/2012
What regulation can I reference with regards to co-mingling personal funds with estate funds?
07/02/2012
I have read some of the responses to questions regarding whether estate and trust DDA accounts are eligible for "NOW" accounts. I am still confused. If the estate or trust account is in the name of the individual, i.e. Jane Doe Revocable Trust or Estate of Jane Doe; are they eligible for a "NOW" account? The trust papers we receive at account opening designate a trustee and personal representative papers designate a personal representative. However, these papers do not state beneficiaries specifically so can we assume the beneficiaries are the person who they trust is opened for, or their spouse, children, etc? Or do we need some type of documentation stating who is the beneficiary of the account specifically?
06/11/2012
If a check is made out to a trustee and the trust but the word and is not there, is this treated as an "or" situation allowing the trustee to cash the check or must the check go through an account in the name of the trust?
06/11/2012
We are making a loan to a person to build a new home, but the collateral is their daycare business. Since it is a consumer purpose, does Reg Z apply?
06/11/2012
During the processing of a real estate closing, the payoff must be wired to another financial institution. On what line of the HUD should the charge for the wire be placed?
06/04/2012
An account owner is an administrator of an estate in a probate matter. The account is a CD in a court-ordered blocked account. Recently, the court ordered the accounts to be unblocked and the administrator wants to withdraw the funds and distribute them to the heirs. May we charge an early withdrawal penalty on the CD, even though the court controlled access to the assets and determined when the account owner could make a withdrawal?
05/28/2012
Is a loan to purchase a 1-4 residential property a HMDA loan if it is not secured by the property (CD) secured.
05/21/2012
I have a commercial loan with two residential properties, one primary and one rental but the customer owns out right but the is not purchasing, refinancing or using any part of the loan for home improvements. Is this loan HMDA reportable? The purpose is for commercial investments into another business.
05/14/2012
Are credit report fees considered prepaid fees on Non real estate loans? (auto refinance loan)