Daily Limit On NSF Charges?
08/11/2003
Is there a daily limit on the number of NSF fees we can charge against a customer's account? For example, if they have 10 NSF checks in one day, can we charge 10 fees?
Mr. Andy Zavoina, CRCM, is an Executive Vice President and Chief Relationship Officer with the Glia Group, Inc., best known for its interest in BankersOnline.com. He joined Glia and BOL in 2003.
Mr. Zavoina has been in finance and banking for 42 years. Over 20 years were with a two-bank holding company which had $534 million in assets, 89 branches spanning Texas and nearly 500 ATMs. He managed loan workouts, has been a consumer, commercial and real estate lender, managing those departments, as well as being his banks first Webmaster. He was responsible for compliance -management, -auditing, and -training for both banks.
Andy is a frequent webinar presenter for BOL Learning Connect and a key contributor to conferences put on by BOL Conferences, Inc. In addition, Andy teaches live presentations at state association schools and regional compliance organizations across the U.S. and has served on the faculty of national banking schools. He has written articles and lectured on many facets of compliance, the use of the internet and technology as a tool, as well as compliance in cyberspace.
As a BankersOnline Guru, Andy assists banks in every day, and not so every day, compliance questions on BankersOnline, BankCompliance.com and other organizations.
Mr. Zavoina is a recipient of the American Bankers Association’s Distinguished Service Award for his involvement and accomplishments in the field of regulatory compliance management. He is a past Chairman of the ABA’s Compliance Executive Committee, the Editorial Advisory Board for the ABA Compliance Magazine and served as a member of the ABA’s Compliance School Board. He also served on the Texas Bankers Association's Compliance Committee.
He is a graduate of the ABA National Commercial Lending School, National Compliance and National Graduate Compliance School and is a Certified Regulatory Compliance Manager with the Institute of Certified Bankers.
You can reach Andy on the Internet by using his e-mail address, andyz@bankersonline.com, or visiting http://www.bankersonline.com.
08/11/2003
Is there a daily limit on the number of NSF fees we can charge against a customer's account? For example, if they have 10 NSF checks in one day, can we charge 10 fees?
08/11/2003
If an adverse action is for reasons other than information from a reporting agency, would a default statement that "The consumer reporting agency contacted that provided information that influenced our decision in whole or in part was:....." be misleading.
08/11/2003
If an application is denied for reasons other than credit, but a credit report was pulled, are we required to disclose the credit bureau's address?
08/11/2003
My bank (not the Holding Co.) purchased an insurance company last year located 2 miles from the bank. Agents at the insurance company can take applications for premium financing loans, make the decision to approve or deny the credit as well as generate the loan documents and close the loan at the insurance offices. No loan proceeds are distributed because they go to the underwriters to finance the insurance policy. The loan is booked on the bank's books as a commercial or consumer loan. Would this procedure be considered as a branch operation of the bank?
08/11/2003
Is there any requirement under the USA PATRIOT Act Section 314 to search denied loan applications when researching a FinCEN request?
08/04/2003
I am seeking guidance regarding tape backup record retention. How long should we retain the backups made and stored off site of email and network files?
08/04/2003
I need to find information on how to determine the proper size for the Equal Housing Logo when used in a print or video ad.
08/04/2003
I am dong a construction loan for a consumer to payoff the lot and purchase and set up a mobile home. The property is 6.0 acres out of a 15 acres tract. They are currently living on the property in a travel trailer and receive mail at the collateral address Does Right of Rescission apply to this transaction?
08/04/2003
Our bank is considering offering loan products in Spanish. Are there any particular compliance issues that would apply?
08/04/2003
With interest rates continuing to decline, is it permissible to give a 30 day notice to current HELOC customers and place a floor rate?