- “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
Legal Briefs
June 2005 Legal Briefs
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
May 2005 Legal Briefs
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
April 2005 Legal Briefs
Questions & Answers on Health Savings Accounts
March 2005 Legal Briefs
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
e. EFT Act
4. Best Practices
a. Marketing and Communications
b. Program Features and Operation
February 2005 Legal Briefs
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
January 2005 Legal Briefs
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