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?  

New Rules for Disclosure of Overdraft Fees   1. Disclosing Total Fees Charged   2. Required “Tabular” Format   3. What Fees are Included   4. Disclosure of Account Balances   5. Making Other Choices?   6. Other Pending Proposals   Helping a Customer to Avoid or Decrease Overdraft Charges

Risk Management of Remote Deposit Capture

New FDIC Disclosure for Banks Offering Sweep Accounts

Various Cost-of-Living Increases in Dollar Amounts for 2009 No IRA Minimum Distributions Required for 2009 Interagency Statement on Meeting Needs of Creditworthy Borrowers 

Creditor Must Be Notified if Personal Representative Rejects a Claim in Probate Unclaimed Property—Collecting Fees Owed on Safe Deposit Boxes Oklahoma Adopts Uniform Real Property Electronic Recording Act Notification Required for Security Breach Of Computerized Data

Capital Purchase Plan Deadline Extended for Non-publicly-traded Banks "Opt Out" Date Extended for FDIC’s Temporary Liquidity Program Tax Free Charitable Distributions from IRAs

Recent Changes to FDIC Insurance for Trusts, POD Accounts Importance of Training to Deal with FDIC Insurance Questions

Two Changes to Servicemembers’ Civil Relief Act Tax Credit for First-Time Homebuyers Can Banks Freeze Home-Equity Lines of Credit?

Motor Vehicle Lien Entry Forms Are Changing New Statute Allows “Transfer on Death” for Real Estate