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Final S.A.F.E. Act Rule Adopted
School Warrants – A Primer
Oklahoma H.B. 2936 Increases Fees for Compliance with State-Court Subpoenas Effective 11/1/2010
HOEPA Dollar Trigger Increased Effective 1/1/2011
Compliance Dates Roundup
Legal Briefs
July 2010 Legal Update
New Same-Day FedACH Service Available August 2, 2010
Avoiding Potential Pitfalls With Motor Vehicle Liens
Oklahoma Department of Consumer Credit Updates Statutory Dollar Amounts Effective July 1, 2010
Regulators Issue Final Guidance on Correspondent Concentration Risks
June 2010 Legal Update
Clarifications Made to Reg E Regarding Restrictions on Overdraft Charges on ATM and One-Time Debit Card Transactions Further Revisions to Reg E (Overdraft Protection)
HIRE Act Provides Tax Incentives to Employers to Hire in 2010
FDIC Issues Guidance for Periods of Lapse of Flood Insurance Authority
Executive Order 13496 Requires Posting of Notice of Employees Right to Organize by June 21, 2010 – Affects Some Banks
Using a “Mark” as a Signature, What Is Required and What Risks Are There to the Bank?
May 2010 Legal Update
TAG Program Extended Through December 31, 2010
Mortgage Loan Officers Not Exempt Under FLSA According to New DOL Interpretation
Banks’ Right of Setoff vs. Federal Exemption for Social Security and Other Exempt Federal Benefits – Which Wins?
Compliance Dates Roundup
April 2010 Legal Update
‘ABC’s of Handling Repossessed Property
2010 Provides Unique Opportunity to Defer Tax on Roth IRA Conversions
Floor Plan Lending Presents Special Challenges (maybe from your regulator)
When a Horse Is “Equipment” – It could only be the UCC
Compliance Dates Roundup
March 2010 Legal Update
Raffles and Giveaways and Lotteries, Oh My! What Can/Can’t a Bank Do?
FACT Act Changes Mandatory July 1, 2010 (Reg V)
Yet More Changes Affecting Open-End Credit to Consumers (Reg Z) Effective February 22, 2010 and July 1, 2010
Reminder: Escrow Required for HPMLs for All Applications Received after April 1, 2010
Compliance Dates Roundup
February 2010 Legal Update
Regulators Adopt Final Rule Implementing New FASB Standards 166 and 167
Perfection and Priority in Certificates of Deposit
Despite Tough Legal Framework, Banks Can Take Steps to Protect Themselves from Losing Business to a Departing Employee
Upcoming Compliance Dates (New Feature!)
January 2010 Legal Update
Reg CC Update: All Checks Are Local Effective 2/26/2010
Taking Cashier’s Checks for Deposit in Today’s Environment of Fraud
Revisions to Reg Z for Higher Education Opportunity Act Have Compliance Deadline of 2/14/2010
Provisions of Credit Card Act Effective 2/22/2010
HOEPA Fee Trigger Lowered For 2010
December 2009 Legal Briefs
Clarification from Federal Reserve Supports Viability of Short-Term Balloon Notes in Spite of HPML Changes
Reg GG Implementation Deadline Extended at Last Minute to June 1, 2010
Recent Reg CC Changes: We Are Quickly Heading Toward All Local Checks
Final Rule Revising Reg E Restricts Overdraft Charges on ATMs and One-Time Debit Card Transactions Effective July 1, 2010
FinCEN’s BSA E-Filing Completes Transition to Adobe-based Electronic Forms Effective 1/1/2010
Reminder: Changes to Reg DD Effective 1/1/2010
Reminder: HUD’s Reg X (RESPA) Changes; Use of New GFE and HUD-1 Forms Mandatory 1/1/2010
Reg S Revised to Increase Fees for Subpoena Compliance Effective 1/1/2010
S.A.F.E. Act Update
November 2009 Legal Briefs
Compliance with New Reg GG Is Mandatory on December 1, 2009
Oklahoma’s Estate Tax Repealed Effective January 1, 2010
3% Interest Requirement for County Deposits Gone Effective July 1, 2009
Change to Unclaimed Property Statute Effective November 1, 2009
OK to Charge Fee to Cash On-Us Check for Non-Customers?
October 2009 Legal Briefs
FDIC’s Final Rule Extends TAG Program 6 Months to June 30, 2010; Participating Entities Can Opt Out of Extension by November 2
Working Around the October 1 Reg Z Changes
Changes to HUD’s Reg X (RESPA) Go In Effect January 1, 2010
Special Risks Surround Using Farm Products as Collateral
September 2009 Legal Briefs
Creation of HPMLs and Requirements for Verification of Repayment Ability for HPMLs and HOEPA Loans
New Escrow Requirement for HPMLs Effective for Applications Received on or after April 1, 2010 (October 1, 2010 for Manufactured Homes)
Restrictions on Prepayment Penalties for HPMLs and HOEPA Loans Effective 10/1/2009
Revisions to HMDA (Reg C) Incorporate Reg Z’s Addition of HPMLs Effective 10/1/2009
New Appraisal-Related Amendments Effective 10/1/2009
New Mortgage Servicing Practices Effective 10/1/2009
New Advertising Restrictions Affecting Closed-End Credit Loans Effective 10/1/2009
S.A.F.E. Act Redux
August 2009 Legal Briefs
Greetings from the OBA’s New General Counsel
After the Loan: Don’t Lose Your Priority to a Federal Tax Lien
Credit Card Act of 2009: Certain Provisions Effective August 20, 2009, Plus Overview of Remaining Provision
Home Valuation Code of Conduct: Affects Sale of Residential Mortgage Loans to Fannie Mae and Freddie Mac Beginning May 1, 2009
New Notice Required Upon Sale/Transfer of Residential Home Mortgages & Protecting Tenants at Foreclosure Act, Both Effective May 20, 2009
July 2009 Legal Briefs
Reg D – Savings Deposit Transfers Rule Changes July 2, 2009
Reg Z – MDIA Changes – Effective July 30, 2009
The Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act)
The Oklahoma Department of Consumer Credit’s Truth in Lending Permanent Rule
Consumer Loan Dollar Amounts – No Changes
May 2009 Legal Briefs
Charging Consumer Interest Using a 360-Day Year?
Adding a Floor to Variable-Rate Mortgage Loans?
Waiving a Rate That is Too High
Default Interest Not Allowed on Consumer Loans?