RSK.IQ • Page 12 of 122 • RSK Compliance Solutions LLC

RSK IQ is our new online Compliance Question and Answer center, intended to provide a streamlined, effective, and faster way to have our best compliance experts answer your inquiries on relevant regulatory compliance matters. RSK.IQ is the quickest and smartest way to connect your compliance question with the right Subject Matter Expert on the topic. Rather than calling and asking or e-mailing a question to just any one consultant, RSK.IQ sends your inquiry to RSK's full family of compliance specialists, and matches your question to the best consultant on the topic.

RSK.IQ Question of Week 3/23/20

Posted on March 23, 2020 by RSK.IQ.Staff

HMDA Reporting and Multiple Properties

Issue/Inquiry

A loan made by the Bank is secured by multiple properties. Does the Bank report on the Home Mortgage Disclosure Act (“HMDA”) Loan Application Register (“LAR”) the units associated with one of the properties or all of the properties?

How do I ask my own questions?

RSK.IQ Question of the Week 3/16/20

Posted on March 16, 2020March 13, 2020 by RSK.IQ.Staff

Regulation O Questions

Issue/Inquiry

The Bank has three questions concerning Regulation O:

Can the general lending limit of Regulation O be increased?
Does the demand requirement concerning loans to executive officers from other banks pertain only to correspondent banks or to all other banks?
Does purchasing or selling a participation interest in a loan from or to another bank create a correspondent relationship?

How do I ask my own questions?

RSK.IQ Question of the Week 3/9/20

Posted on March 9, 2020March 9, 2020 by RSK.IQ.Staff

Regulation DD and Free Safe Deposit Box for Account Opening

Issue/Inquiry

The Bank would like to offer a free safe deposit box for one year along with one direct deposit when a checking account is opened. This promotion will only be offered at one location. Does the Bank need to include disclosures for the qualifying checking accounts or can the disclosures be general?