Breaking Archive

Question: For SCRA purposes, if a customer we know has been called into service comes into the bank to lower their rate, does the bank have to require proof of military service? Answer: No – there is not an actual requirement to collect or ...Read More

Question: We have a commercial loan transaction where the borrower is purchasing a commercial building and repurposing it into 18 residential condos. Is this loan HMDA reportable?   Answer: Unfortunately, the regulation does not specifically address the situation of a non-residential building is being ...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

As a partner of your state banking association, we want to share with you some new and exciting ways we help our clients. Recent commercial real estate (CRE) lending trends indicate increased investment in vacant and industrial land. As the U.S. retail landscape shifts ...Read More

Question: John Doe owns 3 different stores. A store clerk of one of the businesses made all the deposits with one teller at one time. All three of the organizations are operated independently of one another: A corp. acct. # 12345 had a cash-in ...Read More

by Aaron Flinn, Waller For banks with significant trust activities or banks that are considering expansion into new markets, recently passed legislation in Tennessee provides significant benefits that are currently only permitted in Tennessee and South Dakota. Specifically, Tennessee law now permits the creation ...Read More

by Paul Leonard One of the more important decisions of the United States Supreme Court in 2018, at least for states, was the Court’s decision in South Dakota v. Wayfair (Wayfair). As widely reported, the Court held in Wayfair that an Internet seller of ...Read More