Most Popular Compliance Content
HMDA - What Census Tract Info Do We Use?
04/14/2008
In regard to HMDA, if a personal residence is being used to improve another property what census tract information do we use? The collateral census information or the property on which the improvements are being done?
Eliminating Float a Regulatory Requirement?
04/14/2008
Due to the recent implementation of image cash letter transmissions at our financial institution, we have experienced an increase in our immediate funds availability. Have there been any changes to banking regulations that would require us to change our float tables and eliminate the two day or three day float, as it pertains to paying interest to our clients on these expedited available funds?
Reg B - Application Signed With a "Courtesy Title"
04/14/2008
If a member fills out an individual credit card application and signs it "Mrs. Ethel Jones", has the credit union violated Reg B by accepting a "courtesy title" that indicates the applicant's marital status, which cannot be considered on the application for unsecured credit?
Lowering Interest Rates on Existing Mortgages
04/14/2008
We are offering to lower the interest rates on existing mortgage loans for our good customers. Do we need a new disclosure signed by the customer?
Would These CDs be Subject to Reg E?
04/07/2008
Generally our Certificates of Deposit are not accessible by EFTs; however, we do have two or three accounts in which we have a pre-authorized arrangement to transfer the interest earned monthly to an account for the customer at another financial institution. Does this make the accounts subject to periodic statements under Reg E? If so, exactly what type of disclosures are required and how often must they be submitted?