RSK.IQ.Staff, Author at RSK Compliance Solutions LLC • Page 24 of 122

RSK.IQ Question of the Week 7/15/19

Posted on July 15, 2019July 12, 2019 by RSK.IQ.Staff

Flood Insurance Contents Coverage When There Aren’t Contents

Issue/Inquiry

The commitment letter for a loan to be secured by a commercial warehouse requires a security interest in the contents of the premises. The warehouse is empty. Is flood insurance coverage for contents required?

RSK.IQ Question of the Week 7/8/19

Posted on July 8, 2019July 5, 2019 by RSK.IQ.Staff

TRID and Error in Service Provider List

Issue/Inquiry

A charge for a service that the consumer was not allowed to shop for was disclosed in the Loan Estimate and the Closing Disclosure, but the service provider was not listed in the service provider list. Does the Bank have to send a corrected service provider list? Is the Bank responsible for the charge?

RSK.IQ Question of the Week 7/1/19

Posted on July 1, 2019June 28, 2019 by RSK.IQ.Staff

UDAAP and FDCPA Verification of Debt

Issue/Inquiry

From a UDAAP standpoint, should the Bank provide a validation of debt notice in its collection efforts?