Most Popular Compliance Content
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?
Continuous Overdrafts Fee - Notify Customers?
04/14/2008
We are adding a new fee to overdrafts where we will be charging a continuous overdraft fee after being overdrawn for five days. Are we required to notify customers beforehand? Also, are we required to send a notice when this charge has been assessed?
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?
HMDA - Recouping Home Improvement Costs
04/07/2008
If part of the proceeds of a refinance loan are to recoup home improvement costs would the purpose be home improvement?