February | 2019 | Alabama Bank News

Compliance Q&A: HMDA and Interest-only Loans

Breaking, Compliance Q&A, Publications

Question: I have a HMDA question about construction loans. Our construction loans are 360 months plus 9 months interest. They are construction to perm. The first 9 months are interest only and then the 10th month includes principal &interest. Would we report this on ...Read More

Compliance Q&A: Pre-approval of Loans Made by Executive Officers

Breaking, Compliance Q&A, Publications

Question: Do loans made to executive officers have to be preapproved by the board? Answer: No, unless the general requirement to get preapproval applies (which generally includes extensions over $500,000), the loan must be reported to the board but does not require preapproval. This ...Read More

Vendor Risk Management: It’s More Than a Checklist

Board Briefs, Breaking, Industry Reports, Publications

by Terry Ammons, Porter Keadle Moore Risk management and cybersecurity are again top of mind for financial service providers heading into 2019. Recent data breaches at sizeable organizations have posed a significant question for these bankers: “Does our bank have the proper safeguards to ...Read More

Compliance Q&A: Small Business Loans & CRA Reporting

Breaking, Compliance Q&A, Industry Reports, Publications

Question: If we collect personal income from a Guarantor of a Small Business Loan, should we include this loan on our CRA Report and indicate it as a small business loans with gross revenue of less than $1 million if the personal income is ...Read More

Supreme Court Update for Banking and Financial Services Professionals

Breaking, Legal, Publications

by Charles W. Prueter Unanimous opinions in cases concerning relatively mundane matters generally are not the stuff of the nightly news. These are not the hot-button cases that capture the nation — one obvious and important exception is Brown v. Board of Education, in ...Read More

Monthly Archive:: February 2019