Most Popular Lending Content
COMPLIANCE CALENDAR
02/01/2005
MARCH
BSA Training Is For Everyone!
01/31/2005
I'm the Internal Auditor of a community bank and will really appreciate your help with this. I'm working on the BSA Internal Audit and was trying to see if the FDIC/State requires for all employees to complete their BSA training, regardless of their department? We have a very good compliance program and training but it seems that some of the Loan department has not finish or even started with their online BSA training. Should I include as a recommendation to make sure that all employees complete their BSA training or should I write it up as violation? If you advise me to write it as a violation, give me good arguments because I have a stubborn Compliance Officer. Once again I would like to thank you for your time and assistance.
Font Size Specifics
01/17/2005
What are the exact font size requirements for a Schumer Box?
Lending More for Debt Servicing
01/17/2005
We have been asked by the local Knights of Columbus to finance the rehabilitation of their building. The Knights are a break-even operation and cash flow is minimal. Can we make a $150,000 loan and provide them $100,000 for the rehab and escrow the remaining $50,000 for servicing the debt repayment without receiving criticism from regulators and having the loan listed as substandard?
SCRA and Loan to Estate
01/17/2005
Regarding the Servicemembers Civil Relief Act: We received a request from a serviceman asking for the SCRA benefit on a loan; however, the loan is in the ESTATE of (I think) his father. I don't know if he is the executor or not. Would this person be eligible for the SCRA benefit if he is the executor? What if he assumes the debt?