Most Popular Compliance Content
ROR Applicable on a Fed Reserve Holiday?
03/17/2008
If we are open on a holiday in which the Federal Reserve is closed, can we use that day as one of the three days we must provide the borrower under Right of Rescission?
Reg D Limits -When is a Transaction a Transaction?
03/17/2008
Reg D limits savings account automated/ACH type transactions to six per month. In the case of NSF ACH items returned, does transaction mean transactions attempted or transactions completed? Do items returned not paid (NSF/stop payment) count against the six transactions?
Compounded CD - APY Disclosure
03/17/2008
Do you have to disclose an APY based on compounding when the customer requests a monthly interest check on a CD?
Using CML LOC as Overdraft Protection
03/10/2008
Can a corporation or business use CML LOC as overdraft protection?
Construction Loans & Reg B Monitoring Information
03/10/2008
When is monitoring needed on a construction loan according to Reg B? Is the absence of a takeout letter indicative of a construction permanent loan? If we don't do takeout letters should we obtain monitoring information on all our construction notes or must the application itself indicate an intention by the applicant to receive long term financing?