Vendor Guru Q&A - Compliance

Latest Compliance - Estate Topics

Credit Report Fees Considered Prepaid Fees?

05/14/2012

Are credit report fees considered prepaid fees on Non real estate loans? (auto refinance loan)

Checking Accounts when Owner is Deceased

04/30/2012

If ITF is only for savings accounts, what happens to checking account when the owner is deceased?

Early Disclosure on Renewal/Extension Real Estate

04/23/2012

When should an early disclosure be used on a renewal and extension of a real estate loan?

Exclude Organization Fee from Finance Charge TILA

04/16/2012

If part of line 801 "Origination Fee" is broken out as Doc Prep Fee, can that portion be excluded from the Finance Charge for TILA?

Credit Score Disclosure-Only on Real Estate Loans?

04/09/2012

Do credit score disclosures only need to be given on real estate loans?

What Determines Property as a Second Home?

04/02/2012

I have a request for a home equity loan on a second home. What determines that the property is a second home and do I send the same disclosures as a primary residence?

Liability of Transferring the Reporting Tax ID

02/20/2012

Is there a regulation or law that mandates a joint account that is tax reportable under a deceased holder be closed and a new account opened for the surviving joint owner OR is this just a policy that some institutions come up with to reduce some sort of liability? If it is a reduction in liability, what is the liability of transferring the reporting tax ID to another party after an account is opened?

Disclosures for Co-Signer on Consumer Purpose

01/30/2012

On a consumer purpose loan secured by the borrowers' home, is it required to give a co-signer (not an owner of the home) the Servicing Disclosure, and the Credit Score Disclosure?

Rule on 40-Year-Old "Minor" Depositing Check

01/09/2012

Can a 40-year-old "minor" deposit a check payable to "father CUST for minor under UTMA" if the father is deceased and the minor is an executor or estate representative?

Is CRA Purpose Driven or Collateral Driven?

12/05/2011

Is CRA purpose driven or collateral driven?

Unauthorized Authorized Debits

09/29/2024

If a customer authorizes someone to use their card and gives them the PIN for a specific transaction, and that someone uses the card for additional transactions that were not authorized by the customer, is their any negligence by the customer for giving the card and PIN for the first authorized transaction? What are the requirements according to Reg E ?

Latest Compliance - Estate Topics

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