Setoff before bankruptcy
06/21/2020
We have been hearing rumors that our customer, ABC Corp., is going to file bankruptcy. They have a loan with us that is current and they have a deposit account. Can we use setoff to grab funds?
BOL Learning Connect
Bio:
BOL Learning Connect conducts webinar training on every aspect of bank compliance from AML to Reg Z and every topic in between. You can rest assured that all the latest developments impacting bank compliance have been covered in one of their over 200 training programs.
Questions Answered
Setoff vs. Offset
06/14/2020
What is the difference between setoff and offset?
Using setoff at the teller window
06/07/2020
When a former customer who left owing us money shows up at the teller window to cash a check written to him by one of our account holders, can we seize the proceeds of the check to go toward what we’re owed?
Finding comps to support our evaluations
05/17/2020
We are having trouble locating comparable sales for comparison to our subject properties. Do you have any resources you could suggest?
Enforcement Action
05/10/2020
Have the agencies taken any action against influencers?
Evaluations for builder construction loans
05/10/2020
With the new $400,000 threshold increase for 1-4 family evaluations, we have decided to pursue writing them internally to remain competitive in our market. Can we do evaluations on proposed dwellings for our builder clients?
Native Advertising
05/03/2020
What is Native Advertising?
2020 Regulatory Alert: CFPB Regulatory Initiatives
05/03/2020
What are current CFPB Regulatory Initiatives?
Using Quantitative Analysis for evaluations
05/03/2020
My examiner has told me to stop writing real estate evaluations because I was making adjustments to the sales used but I’m not an appraiser. Do you have any solutions for me to use so I can continue writing the reports?
Disclosure of Employee Connections
04/26/2020
When and how should employment connections be disclosed?