Most Popular Operations Content
A Business Cashing Customer's Checks
12/03/2007
Are there any Regulations concerning accounts customers have where they cash checks for their customers. For example, [name of supermarket withheld] will cash a check for a customer. Any help would be useful.
LLC Account Opening
12/03/2007
We have an LLC that wants to open a deposit account. The members of this LLC are an individual and a different LLC. For example, Candy Shack, LLC wants to open the account and the members are John Do and Sweet Surprise, LLC. What kind of documentation do we need from the Sweet Surprise LLC to allow them to open this account?
Unauthorized ACH - 24 Hour Rule
12/03/2007
What recourse does a business have when disputing an unauthorized ACH after the 24 hour rule? The customer claims to have no knowledge of this ACH.
Time Frame to File an Affidavit on Forged Items
12/03/2007
Is there a time frame for a customer to file an affidavit on forged items? Our customer noticed some forged checks in his bank statements. We filled out an affidavit. We were wondering if there is a time frame on doing this. One of the banks that the checks are being sent back to says the customer didn't do this in the right time frame.
Equal Housing Lender Logo
12/03/2007
The Q&A below in the InfoVault caught my attention. Where would I find the exemption for use of the EHL logo for national banks?<dir>Question: I am trying to find the required disclosures to include the following message on exterior signage "100% Financing Available, Low Down Payments and No Hidden Fees." Can you help? Answer: I don't believe any of the information provided in this signage triggers further disclosures. Refer to Section 226.16 of Reg Z (for open-end credit advertising requirements) and Section 226.24 (for closed-end credit advertising requirements). If this is a home loan promotion, you do need to include the Equal Housing Lender logo <strong>(<u>unless your institution is regulated by the OCC</u>)</strong>.</dir>