Most Popular Compliance Content
Reg B Appraisal Notices & Commercial Loans: Lien
02/19/2017
In regards to Reg B appraisal notices and commercial loans: does the loan need to be secured by a first lien on a dwelling for the notice requirements to apply or is it any dwelling secured loan - regardless of lien position? For example, an LLC is securing a commercial loan with a 2nd lien on a dwelling, do they get the appraisal notice or not?
Gift cards and the Prepaid Rule
02/19/2017
Does the new prepaid rule affect gift cards?
HMDA: Report in action year or app year?
02/19/2017
If we have a loan application taken in 2017 but the loan is not closed until 2018, when should we report this for HMDA?
In Person Withdrawals Count As Qualified? (MMDA)
02/19/2017
My client made 12 withdrawals in person from his money market. I thought the in person withdrawals did not count as a qualified withdrawals. Are we allowed to charge him fees?
Which credit bureau to disclose
02/12/2017
If you use a vendor that provides credit scores from all 3 bureaus and you only use the score/reasons from one bureau for the denial, do you use that specific bureau's name and address or the actual vendor that supplied the report for your adverse action notice?