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Our database of articles starts in 2018. If there’s an older article you need or there’s a subject that you’d like to research, please call 800-934-REGS or email us [email protected] and we’ll get the information to you.

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Regulatory Updates – First Quarter 2022

By | April 6, 2022

There is no excerpt because this is a protected post.

UDAAP

CFPB’s UDAAP Is Seriously Looking for Illegal Discrimination Practices

By | April 4, 2022

There is no excerpt because this is a protected post.

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What Does Your Institution Need to Know About Evolving Russian Sanctions?

By | March 15, 2022

There is no excerpt because this is a protected post.

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Regulatory Updates – 2021

By | February 2, 2022

There is no excerpt because this is a protected post.

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Deposit Insurance Changes for Trusts and Mortgage Servicing Accounts

By | January 31, 2022

There is no excerpt because this is a protected post.

community reinvestment act

FFIEC Releases 2020 CRA Public Data Tables

By | December 30, 2021

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mortgage application

HMDA and HPML Thresholds Bumped Up for 2022

By | December 30, 2021

There is no excerpt because this is a protected post.

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We are originating a HELOC loan to fully pay off an existing HELOC loan. Since there is no new money involved, would Right of Rescission apply?

By | December 22, 2021

Answer: Since the property is being deeded over to the borrower, the borrower is essentially purchasing the property for what is remaining Yes. Although no new money is being advanced, this is a new HELOC that will allow a customer to redraw on funds from the line once the loan is paid down. The Right …

We are originating a HELOC loan to fully pay off an existing HELOC loan. Since there is no new money involved, would Right of Rescission apply? Read More »

bitcoin atm

If the financial institution has a customer with a virtual currency kiosk located on their premises, (i.e. inside the gas station or convenience store), do we need to treat them as a Money Service Business (MSB)?

By | December 22, 2021

Answer: Since the property is being deeded over to the borrower, the borrower is essentially purchasing the property for what is remaining Yes. Although no new money is being advanced, this is a new HELOC that will allow a customer to redraw on funds from the line It depends. If your customer is simply leasing …

If the financial institution has a customer with a virtual currency kiosk located on their premises, (i.e. inside the gas station or convenience store), do we need to treat them as a Money Service Business (MSB)? Read More »

mortgage deed

We have a borrower who is refinancing a loan from another family member. The property will be deeded over to our borrower at closing. How would this be reported on our HMDA-LAR?

By | December 21, 2021

Answer: Since the property is being deeded over to the borrower, the borrower is essentially purchasing the property for what is remaining on the existing loan. Therefore, this would be reported as a Purchase.

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