07/01/2002
Is there a simplified summary of the current, pending HOEPA changes/regulations, pertinent to a mortgage nondepository lender?
05/06/2002
I have read the article by Mary Beth Guard on <a href="http://www.bankersonline.com/operations/cissoffsets.html">"Offsets Against Social Security Payments"</a>. At the end she asked two important questions, which have triggered questions I have. 1) Aren't Overdraft privileges and outstanding overdraft fees, extensions of credit? and therefore, 2) What about Reg B a) cannot discriminate on basis of Age (over 62), most SS recipients are over 62; and b) part or all of income derives from public assistance (both SS and SSI are public assistance)? Can you clarify these issues?
05/06/2002
Our practice is to charge a small fee to cash checks from non-customers. Is it permissible to do so for "Government checks", for example, Social Security checks? Specifically, is a check from welfare considered a "government check" and can a fee be charged for cashing it?
02/11/2002
If we vary our mortgage fee structure in one market to eliminate a fee charged in all our other markets, would it be considered an absorbed cost and subject to POC disclosure?
08/06/2001
What compliance regulations apply to a loan to purchase a primary residence secured by vacant land titled in a business name?
07/01/2001
- 66% of community banks say they do not share any customer information with any third parties, affiliated or unaffiliated. 5% share with unaffiliated third parties. 26% share with affiliates.
06/04/2001
I have attended various Revised Article 9 Seminars. I also have read Revised Article 9 extensively. Here is myquestion, Section 9-616(c) states how the secured party must present the accounting to the debtor or consumer obligor. This provision states that the secured party's debt is credited first, then add the fees incurred during the process to the amount to calculate the surplus or deficiency. "9-616(c) seems to directly contradict 9-608(a)(1) which states that fees are paid first, then the collecting secured party and finally subordinate secured party (ies) and lienholder(s)." I understand that practically speaking the figures will come out the same. However, I still am confused. Is this in fact a contradiction or am I reading it incorrectly? What do you suggest? Thank you for your help.
02/01/2001
- According to a study done of companies employing between 2-25 employees, with 1999 revenues of up to $10 million, approximately 80% of the payments received by small businesses in the United S
01/15/2001
I have the following two questions relating to Operations and Security: 1. Is a bank required to cash a check drawn on itself for a non customer. If the bank is required, are there circumstances when the bank can legally refuse to cash the check. 2. A known customer under no form of duress requests a LARGE CASH withdrawal and provides the Bank reasonable notice to order the funds. Can the bank refuse to release CASH and require the customer to take a cashier's or wire the funds etc?
01/01/2001
Banks considering getting into the business of insurance should note new consumer disclosure rules on insurance sales recently published by the federal banking regulatory agencies.