Most Popular Compliance Content
Depositing of insurance checks
11/13/2016
What is the best way to handle an insurance check made payable to an individual that's being deposited into a business account? For example, John Doe was in an auto accident. His insurance company sent the auto body shop a check made payable to John for repairs. The auto body then deposits the check into their business account. Same type of example for medical claims as well.
Purchase/Home With Renovations
11/13/2016
Would a purchase/home renovation draw down line for 6 months then convert to a 240 month term be disclosed the same as a construction to permanent loan since renovations are being made and not construction from the ground up?
Closing Disclosure
11/13/2016
What should be done if an inaccuracy, requiring a corrected Closing Disclosure, was discovered more than 30 days after consummation or a clerical error, requiring re-disclosure, was discovered more than 60 days after consummation?
The Difference Between REMA and Assessment Area
11/13/2016
What's the difference between a REMA and an Assessment Area?
Maximizing overdraft income
11/13/2016
May a financial institution process transactions in a manner that allows the financial institution to maximize overdraft fee income?