Thursday, December 3, 2020

compliance@oba.com

OBA Legal Briefs – January 2005 – October 2020

November 2020 OBA Legal Briefs October 2020 OBA Legal Briefs August 2020 OBA Legal Briefs July 2020 OBA Legal Briefs June 2020 OBA Legal Briefs May 2020 OBA Legal Briefs April 2020 OBA Legal Briefs March 2020 OBA Legal Briefs February 2020 OBA Legal Briefs January 2020 OBA Legal Briefs Deccember 2019 OBA Legal Briefs November 2019 OBA Legal Briefs …

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November 2020 OBA Legal Briefs

FAQs on RESPA Section 8 The year is nearly over – Loose ends FAQs on RESPA Section 8 By Andy Zavoina When we hear “Section 8” and “RESPA” in the same sentence, violations and civil money penalties often come straight to mind. It promotes negative connotations much like hearing your dentist say, “root canal” or your accountant, “IRS” and “audit” …

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October 2020 OBA Legal Briefs

Contracts for deed FAQ: Reg D early withdrawal penalties Flood program extended TRID timing requirement waivers SCRA is still in the news Contracts for deed By Pauli D. Loeffler What is a contract for deed? Title 16 O.S, §11A provides: All contracts for deed for purchase and sale of real property made for the purpose or with the intention of …

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September 2020 OBA Legal Briefs

Advertise this way, everyone is doing it! Trust documents Advertise this way, everyone is doing it! By Andy Zavoina Penalties: In just over a month we heard of not one, two, or three cases of the Consumer Financial Protection Bureau (CFPB) enforcing advertising requirements on mortgage lenders, but four. Let’s cut to the chase for a recap of these enforcement …

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August 2020 OBA Legal Briefs

Fair Lending—in the News and on Your Radar Fair lending and HMDA Fair lending and CRA Paycheck Protection Program Bank of America – disability Townstone – redlining Fair servicing The CFPB’s RFI Fair Lending—in the News and on Your Radar By Andy Zavoina It is not a huge surprise that enforcement actions have lessened from 2019 to 2020, but are …

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July 2020 OBA Legal Briefs

Mortgage maturity date, 46 O.S. § 301 Appraisal update Reg E error claims and ‘unjust enrichment’ HMDA thresholds More on the death of savings transfer limits Mortgage maturity date, 46 O.S. § 301 By Pauli D. Loeffler One of the more frequently asked questions the OBA Legal and Compliance Team receives concerns when a Notice of Extension/Modification of Mortgage must …

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June 2020 OBA Legal Briefs

Coronavirus Compliance Changes Changes in UCCC Amounts Effective 7/1/20 Coronavirus Compliance Changes By Andy Zavoina We are in a much different compliance environment than we were when the calendar went to 2020 – or are we? I want to highlight some recent rulings that have come down from the regulatory agencies so that you can see that the agencies are …

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May 2020 OBA Legal Briefs

Work “after” the coronavirus Information on Oklahoma campaign accounts Are savings transfer limits dead? Work “after” the coronavirus By Andy Zavoina Whether you call it the new normal or the abnormal, as bankers we are really in new territory. Sometimes it is akin to walking into a dark room and feeling your way around and then learning someone is still …

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April 2020 OBA Legal Briefs

Coronavirus and Assisting Customers Modify Policies—COVID-19 addendums Assisting borrowers New loans Loans past due or about to be Limits on fee, penalties and interest Regulatory reporting Credit bureau reporting Coronavirus and Assisting Customers By Andy Zavoina (with Pauli Loeffler) There is a risk balance that banks must follow so that in six months or at your next exam, you will …

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