04/05/2004
Can you please tell me the difference between an Act and a regulation? And is a law different than a reg or act? For example, Regulation DD is for Truth and Savings, but there is also a Truth and Savings Act.
04/05/2004
Should we be reporting a HMDA code "3" in the owner occupancy category when the property location is not in an MSA, or can we report a "1 - owner occupied" or "2 - not owner occupied"?
03/15/2004
We have a commercial business loan and the collateral is the owners personal residence and the purpose of the loan was working line of credit. The loan comes due this year and we will be renewing it. Is this now HMDA reportable?
03/01/2004
FDIC has again issued guidance on steps institutions may take to help rebuild areas affected by severe storms. FIL-57-2004. These issuances come out with predictable regularity after bad storms.
02/02/2004
When preparing the HMDA report and reporting HELOCs, do you report the total amount approved or the total amount the borrower has used?
02/01/2004
The OCC has issued a final rule to preempt state laws that have the effect of limiting the powers of national banks.
01/05/2004
The HMDA Final Rules state that beginning in 2004 we will be required to report the lien status of applications and loans. In reviewing Appendix A to Part 203 -- Form and Instructions for Completion of HMDA Loan/Application Register [Effective as of January 1, 2004] I do not find a column on the new LAR for reporting the lien status, nor any instructions for reporting the lien status. Will this reporting information be added to the Loan/Application Register in the new FFIEC software?
01/05/2004
What is the best way to handle a customer dispute regarding information we have reported to the credit bureaus? Should we handle the dispute or refer the customer to the bureaus and work with them? Why?
01/01/2004
Congress has taken decisive action on the Fair Credit Reporting Act.
01/01/2004
Over the past decade, there has been much discussion about credit scores, what they mean and how they are used.