RSK.IQ.Staff, Author at RSK Compliance Solutions LLC • Page 41 of 122

RSK.IQ Question of the Week 7/23/18

Posted on July 23, 2018July 23, 2018 by RSK.IQ.Staff

Regulation E and Automatically Debiting Loan Payments

Issue/Inquiry

The Bank offers a Home Equity Line of Credit (“HELOC”) product that requires a monthly automatic debit from a Bank checking account of an ACH from another financial institution. There is no discount to the rate and no fee is charged. Is this an acceptable practice?

RSK.IQ Question of the Week 7/16/18

Posted on July 16, 2018July 16, 2018 by RSK.IQ.Staff

Regulation CC and Remote Deposit Capture

Introduction

What are the requirements now regarding remote deposit capture items under Regulation CC?

RSK.IQ Question of the Week 7/9/18

Posted on July 9, 2018July 6, 2018 by RSK.IQ.Staff

HMDA and a Loan Modification

Issue/Inquiry

The Bank is refinancing a loan, but using a change in terms agreement to do so. The original promissory note, loan agreement, and mortgage will be left in place. Should this be reported as a refinance for HMDA purposes?