Most Popular Compliance Content
Limits on Reg CC’s indemnity for losses from mobile deposits
11/05/2023
My bank wants to make an indemnity claim against a bank that accepted a mobile deposit of a $1,200 check that we accepted in paper form three days later. We learned from the paying bank that the mobile deposited check was indorsed with only the payee’s signature (which is all we got on the paper check when it was deposited with us. We charged the check back to our customer’s account, creating a $500 overdraft, and we have learned our customer has left the country. Can we recover the full amount of the check?
Tracking loan policy exceptions
11/05/2023
How do financial institutions track loan policy exceptions?
Identifying the bank that accepted a mobile deposited check
10/29/2023
We just received a $750 check that was returned to us unpaid as a duplicate presentment. There is no information on the check to indicate where it had been accepted for deposit before we took it. How can I get that information, which I will need if we have to make an indemnity claim against that other bank.
Does RoR apply to a bridge loan?
10/29/2023
Will the right of rescission apply on a 12-month bridge loan to purchase the borrowers secondary dwelling, using their primary dwelling as collateral also?
Reasons for loan policy exceptions
10/29/2023
Why do loan policy exceptions sometimes occur?