Latest Lending - Deposit Accounts Topics

Verification of Deposit Form

12/19/2021

What is a verification of deposit form?

Digital Signature Cards

05/03/2020

What is a digital signature card?

Opening Acct. for Campaign Fund- Use SSN?

12/08/2019

In the state of Texas, when opening an account for a campaign fund, are we required to have a TIN or can we use a SSN?

UDAAP penalties can be costly

11/10/2019

How much "teeth" does UDAAP really have to penalize a bank?

Limits on collection calls?

08/04/2019

What is the number of calls we can make to a debtor weekly?

3 DDA Accts. Securing Same Loan-Single Action Rule

11/11/2018

If we have three DDA accounts securing the same loan, does the "single action rule" limit us to only using the funds from one account in the event of default? It is the funds in all 3 accounts that add up to enough to cover our loan proceeds.

What’s an application for AANs?

01/29/2017

If you do a preapproval/prequalification where you have five pieces of information (not the property location) and the customer is approved for an amount but the customer never comes back to the bank, what is the proper procedure?

Require Opening Deposit Acct. for Loan Request?

01/15/2017

Can we require a borrower to open a deposit account with our institution as a condition for approving their loan request?

Require Business to Open Acct. to Open New CC?

09/13/2015

We are developing a new business credit card product. Can we require businesses to open a checking account to be eligible for the card? The checking account will not be security for the credit card.

Automatic Payment for Loan From Checking Account

06/14/2015

Can an automatic payment be set up for a loan from a checking account that does not have the name of the person who is on the loan on the checking account? In other words two separate people and two separate accounts. No common person between the two.

Sources of information for doc prep

02/02/2025

What sources of information are used by doc prep teams when booking loans to the core?

Documents generated by doc prep teams

02/02/2025

What types of documentation are generated by doc prep teams?

Early Payment Defaults on Mortgages Sold to Fannie Mae

02/02/2025

Can you please point me to the Fannie Mae definition of an "early payment default" in the Fannie Mae guide? I haven't been able to find the section in the guide that tells the specific number of months.

Charging a Technology Fee on Mortgage Loans

02/02/2025

Our management team wants to charge a Technology Fee on mortgages to recoup a portion of the cost of our technology costs (things like our LOS, POS, and verification services). The want to make it a blanket fee of around $275. I cannot seem to find any specific regulatory guidance on what a "Technology Fee" can include, but I am unsure whether we can charge to recoup the cost for tools we use for processing. Please advise!

Timing of checks for active duty status

01/26/2025

Is the Military Lending Act disclosure required on loan renewals? Does it have an expiration date of when it should be pulled? For example, if the loan was prepared in October, but didn't close until February would I need to pull another MLA status report?

Latest Lending - Deposit Accounts Topics

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