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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 …
July 2020
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July 14, 2020
Learn more about BankWebinars.com
The online training used by the OBA, webinar training by BankWebinars.com offers a flexible solution to meet your Financial Institution’s needs. Save time by using webinar training to train your employees more efficiently. Our 2-hour programs permit trainees to spend as little time away from the office as possible. Since they can train right from their desk, there is no …
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July 14, 2020
Week of July 13
In This Issue… Urge Senate to simplify forgiveness for PPP loans at, below $150,000 Second phase of Oklahoma Business Relief Program closed quickly Oklahoma Bankers Hall of Fame taking nominations for 2020 inductees – deadline is Wednesday! OBA education corner …
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July 9, 2020
Questions arise about Tulsa and the Creek Nation
In a 5 – 4 decision, the United States Supreme Court has thrown into question a number of issues, including wrongful criminal convictions, property and sales taxes, along with question about bank collateral. The decision, written by Justice Neal Gorsuch, means that a large area of Eastern Oklahoma is still an American Indian Reservation and, as such, casts doubt on …
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July 8, 2020
Lucas comments on importance of Main Street Lending Program
Rep. Frank Lucas (OK-District 3) released the following statement today after the Federal Reserve Bank of Boston announced on Monday the Main Street Lending Program is fully operational. The MSLP will support small and mid-sized businesses, and their employees, that were in good financial standing before the pandemic by ensuring credit flows to businesses in need. The goal is to …
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July 7, 2020
Week of July 6
In This Issue… Second phase of Oklahoma Business Relief Program slated to start on July 14 SBA releases public data on Paycheck Protection Program Secret Service, Department of Labor, release info on unemployment insurance fraud Oklahoma Bankers Hall of Fame taking nominations for 2020 inductees – deadline is next week! OBA education corner …
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July 6, 2020
ABA president/CEO shares info on PPP
ABA President and CEO Rob Nichols recently shared an update and info to all bank CEOs on the Paycheck Protection Program. To all bank CEOs – I’m writing to provide a quick update on the SBA’s Paycheck Protection Program, which both expired and was revived last week. Data Released. In response to calls from Congress for greater transparency, the …
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July 2, 2020
Oklahoma Business Relief Program to have second phase
The Oklahoma Department of Commerce announced a second phase of the Oklahoma Business Relief Program, which will begin later this month. Phase II of the OBRP is tentatively scheduled to begin on July 13. The Department of Commerce will give at least five-days notice before the start date. Another $50 million has been designated for use in the Program. Developed …
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July 2, 2020
Banc Card of America, Inc
BancCard partners with financial Institutions in 26 states providing credit card processing for their business customers. BancCard provides local, face to face customer service and focuses on building trusted, one-on-one relationships. Meeting a customer, shaking a hand, and really listening to their needs. We’ve earned the respect and trust of more than 600 financial institutions and have the lowest turnover …