Breaking Archive

Question: For HMDA reporting, the purpose is to construct 45 additional apartment units but collateral is existing 68 unit apartment complex and land where borrower will build the additional units. The payment terms are 24 payments of interest only thru 3/15/21 then payments of P & ...Read More

By Cathy Moore and Chris Hawkins On Aug. 26 the “Family Farmer Relief Act of 2019” (H.R. 2336) was signed into law, substantially increasing the debt limit for agricultural producers seeking to file for relief under Chapter 12 of the United States Bankruptcy Code. ...Read More

by Rob Nichols, American Bankers Association of Alabama Between the end of September and the end of October—at the same time the House was beginning its impeachment inquiry—a remarkable thing happened. Representatives turned their attention to two different, pressing banking issues—cannabis banking and modernization ...Read More

Question:  The private flood insurance regulations have a provision requiring an insured to file suit not later than one year after the date of a written denial for all or part of a claim under a policy, but the policy we’re looking at does ...Read More

Question: This is regarding the recent threshold changes to Regulation CC. Since we have same-day availability and the amounts are actually in the customers’ favor, do we have to do a change notice to reflect the new funds availability thresholds? Answer: Yes, it would ...Read More

Question: If a consumer is disputing a POS transaction and it is not fraud (i.e. merchandise never received, service canceled and company debited account or any other reason than a fraud transaction), are we required under Reg. E to give provisional credit while we ...Read More

Question: I’m being told we can opt people in for overdraft protection. Is that true?   Answer: Reg. E sets out the requirements for providing customers with overdraft services for paying an ATM or a one-time debit card transaction. Under the Reg. E requirements, ...Read More