04/01/2013
We are taking as security a condo unit in a residential structure. However, the unit is not used as a dwelling. It has a commercial purpose, such as, a doctor's office or a showroom or as a model. Would this loan be HMDA-reportable?
04/01/2013
A question about CTR exemptions. We have a customer who owns a bowling alley. He has the bowling lanes, the pro shop, the snack bar and a children's party room organized as four separate businesses, each with its own tax ID number. Invariably, deposits are made for all the businesses at the same time, so they are aggregated and reported on a CTR when the cash amounts exceed the 10K threshold as the same individual makes all the deposits. Is it possible to exempt these businesses even though individually none of them ever exceeds the 10K reporting threshold? I assume that we would have to file a separate exemption form for each business.
03/25/2013
I have an existing mortgage on land. We are disclosing a construction loan. Should the security interest description in the fed box show purchase money AND real estate or simply real estate and does that really matter. The assumption clause is there either way.
03/04/2013
When training bank employees, what is the minimum training allowed? We are getting a new core this year and it is going to monopolize a lot of time training for it. We want to stay within the legal guidelines and maintain a curriculum, but need to streamline it for core training purposes.
03/04/2013
We require all lessees (agent or deputy) to sign our safe deposit box agreement in front of an employee. Why is this required? Is it a bank security measure or Reg?
02/18/2013
What is required on a garnishment for identification of the defendant? Can it be birth date and Social Security number?
02/18/2013
We are running an ad solely about our safe deposit boxes for rental. The ad bears the bank's logo. Should we include the Member FDIC logo because the ad bears the bank's name, or because the contents of the safe deposit boxes are not FDIC-insured should we not include the Member FDIC logo?
02/11/2013
What support documents are sufficient to support a Sole Member LLC to use their social security number?
02/11/2013
A revocable (living) trust's settlors/trustees have resigned as trustees yet remain alive. Do new successor trustees have to apply for an EIN # for trust instead of using social security number of settlors?
02/04/2013
What is the industry standard of checking security equipment and alarms?