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If there’s a subject that you’d like to research, please call 800-934-REGS or email us [email protected] and we’ll get the information to you.

Question and Answer

Does our institution have to open accounts for nonresident aliens or resident aliens (NRA/RA)?

By | December 11, 2024
Question and Answer

When should our (Compliance, BSA, Fair Lending, Other) Risk Assessment be updated?

By | December 11, 2024
Question and Answer

An institution allows service charges to overdraw our checking accounts but not our savings accounts. Should that be in our disclosures somewhere?

By | December 10, 2024

Beneficial Ownership Injunction

By | December 10, 2024

With the deadline for reporting entities to register their beneficial ownership information (BOI) with FinCEN’s Beneficial Ownership Secure System (BOSS) just three weeks away, the U.S. District Court of Eastern Texas issued a preliminary injunction blocking the implementation of the Corporate Transparency Act (CTA) citing that the Act is unconstitutional. TCA – A Better Way!

Question and Answer

Does Lender Paid Mortgage Insurance (LPMI) and compliance with 12 U.S.C. 4905(c)(2) apply to HELOCs?

By | December 10, 2024
Question and Answer

How should a CTR be completed when a customer takes cash back from a deposit? Would the cash out amount be listed in Field 27 as a withdrawal or a negotiable instrument cashed?

By | December 9, 2024
Question and Answer

What are the timing and content requirements of an escrow closing notice?

By | December 9, 2024
Question and Answer

Can a financial institution have all borrowers waive the Appraisal Delivery or is there special circumstances required to waive the Appraisal Delivery timing requirements?

By | December 6, 2024
Question and Answer

What is a Community Development loan?

By | December 6, 2024
Question and Answer

Is there a specific frequency for BSA/AML/OFAC model tuning?

By | December 5, 2024

Do You Need Compliance Help?

We’re here to review your current compliance strategy and help you find A Better Way to manage risk.

Phone

800-934-REGS

Email for Non-Confidential Information Only

[email protected]

Office Location

2021 Midwest Road, Suite 200,
Oak Brook, IL 60523

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