Important Issues in Establishing Tragedy Accounts Using a Real Payee Endorsement Risk Tragedy Victim as Owner? Tax-Deductible Entity Setting up a Trust UTMA Account Risk-Based Approach Bank-Sponsored Account Guidelines for Residential Tract Development Loans Appraisal Methods            Appraising Lots to be Developed        Loan-to-Value Ratios           Single-Unit Construction Loans        Substituting/Releasing Collateral    What is the Loan Amount? Commitment …

Small Intermediate Banks and Changes in CRA Regulations Post-Closing “Real-Estate-Related” Fees are Finance Charges Banks Sharing Information about Former Employees More Details on Lottery Accounts Public Employees’ Payroll Deductions to Financial Institutions FDIC Statistics for Oklahoma

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 Bankruptcy Chapter Eligibility for Consumers and Individuals a.  Chapters and Restrictions b.  Credit Counseling Notices Exemptions Statement of Intent, Redemption, and Reaffirmation Discharge Needs-Based Bankruptcy, Presumption of Abuse, Means Test The Automatic Stay

“Four-Wheelers” Require Certificates of Title and Lien Entries Continuing Liens for Repair of Farm Equipment Mechanic’s Lien Provisions Changed for Motor Vehicles Changes in Items of Property Exempt in Bankruptcy Amendments to Family Wealth Preservation Act

Consumer Loan Dollar Amounts Adjusting on July 1 a. Increased Late Fees  b. “508B” and “508A” Loans  c. Dealer Paper “No Deficiency” Amount  Regulation DD’s Amendments Cover Overdraft Plans Background Expanded Emphasis of Disclosures Advertising “Free” Accounts General Advertising Requirements Misleading or Inaccurate Advertising Revised Truth-in-Savings Disclosures Periodic Statement Disclosures Itemizing Fees by Type

Regulators Issue Guidance on Money Services Businesses Background Basic Due-Diligence Requirements for All MSB Accounts Performing Risk Assessments Risk Indicators Due Diligence for Higher-Risk Customers Suspicious Activity Reporting Review of Existing MSB Accounts Banks Not Regulators of MSB’s Guidance to MSB’s Guidance on the Final CIP Rule

Questions & Answers on Health Savings Accounts

Banking Agencies’ Joint Guidance on Overdraft Protection 1.  Background 2.  Safety and Soundness     a. Account-Approval Standards         b. Ongoing Monitoring     c. Delinquencies and Charge-offs        d. Call Report Treatment     e. Vendors     3.  Legal Risks     a. FTC Act/Advertising       b. TILA/Reg Z        c. Equal Credit       d. Truth in Savings   …

Explanation of Health Savings Accounts Background What is an HDHP? What’s the Advantage of an HDHP? What Are the Tax Advantages of an HSA? Establishing HSA’s at a Bank Special Limitations on HSA Contributions     Qualifying Medical Expenses

Guidelines on Security & Disposal of “Consumer Information” Broadened Emphasis What Information? Changes in Procedures and Contracts? Where to Find the New Provisions. Some Information-Protection and Information-Disposal Issues and Examples a. Directors’ Packets.    b. E-mails and Files on a Computer  c. Files and Other Paper Documents. Paying Deposits to Heirs Based on Small-Estate Affidavits