Laserfiche WebLink
<br />EXCERPTS FROM THE COMPTROLLER'S MANUAL FOR COMPLIANCE, <br />COMPTROLLER OF THE CURRENCY <br /> <br />Consumer Activities <br /> <br />Appendix <br />Compliance Review Function Questionnaire <br /> <br />f <br />I <br /> <br />b. Prepayment penalties are not imposed? (12 CFR 590.4(d)) <br /> <br />c. Balloon payments are not included? (12 CFR 590.4(e)) <br /> <br /> <br />Flood Disaster Protection Act (12 CFR 22) <br /> <br />12. How does the compliance officer determine that: <br /> <br />a. The bank has systems to identify loans that require flood <br />insurance? (12 CFR 22.5) <br /> <br />r <br /> <br />b. Loans that require flood insurance receive adequate insurance <br />coverage for the life of the loan? (12 CFR 22.2) <br /> <br />Interest on Deposits (Regulation Q) (12 CFR 217) <br /> <br />13. How does the compliance officer determine that: <br /> <br />a. Early withdrawal penalties are calculated and disclosed <br />correctly? (12 CFR 217.4(a) and 204.2(c)) <br /> <br />b. Interest rates are calculated and paid consistent with methods <br />advertised and disclosed? (12 CFR 217.6(g)) <br /> <br />Real Estate Settlement Procedures Act (Regulation X) (24 CFR 3500) <br /> <br />14. How does the compliance officer determine that: <br /> <br />a. Good faith estimates, special information booklets and settlement <br />statements are furnished when required? (24 CFR 3500.6(a), <br />3500.7(a) and 3500.10(b)) <br /> <br />b. Information disclosed is accurate and consistent with RESPA <br />guidelines? (24 CFR 3500.8(b)) <br /> <br />Electronic Fund Transfers Act (Regulation E) (12 CFR 205) <br />15. How does the compliance officer determine that: <br />a. Access devices are issued properly? (12 CFR 205.5) <br />b. Consumers are furnished adequate disclosures? (12 CFR 205.7(a)) <br /> <br />c. Error resolution procedures are followed properly? (12 CFR <br />205.11 ) <br /> <br />d. Records are maintained properly? (12 CFR 205.9 and 205.13(c)) <br /> <br />Right to Financial Privacy Act (12 use 3401 et sea.) <br /> <br />16. How does the compliance officer determine that the financial <br />information is released consistent with the requirement of the Act? <br />(12 use 3403(b)) <br /> <br />-12- <br />