Most Popular Compliance Content
Avoiding fee-related disclosure problems
04/02/2017
What is the easy way to avoid fee-related disclosure problems?
Exception holds and record retention requirements
04/02/2017
Under Reg CC, we must notify a customer in writing of any exception holds placed on their account within 24 hours of the deposit. It is a good quality control policy to test procedures to ensure it is being done, but are there any regulations that require us to keep a list of which accounts or checks received an exception hold?
CDD for Beneficial Ownership: Participant Loan?
04/02/2017
Does the new CDD for Beneficial Ownership play into a participant loan? How would you get this information?
Client Sign New AFT if Change in Payment? (Reg E)
04/02/2017
Do we need to have the client sign a new Automatic Fund Transfer (AFT) form if we are changing how their payment will be applied? i.e. from P&I payments to P&I with the surplus funds being applied to principal only. The amount would not change, only how it is applied.
Does SCRA Require A Signature?
04/02/2017
SCRA requires a written request. Does this mean it requires a "signed" written request from the borrower?