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Q: Bank XYZ has a new commercial transaction where a closed-end loan is paying off a line of credit. The line of credit is dwelling secured and the new loan will also be dwelling secured but with different collateral. It will, however, be the ...Read More

by Mike Murphey, Porter White & Co. The best way to understand what is happening in your market is to do what Alabama Community Bankers excel at every day…understanding your clients and their financial needs. That said, having reliable, timely economic data applicable to ...Read More

by Christopher Friedman and Austin Holland On Sept. 3, the U.S. Department of Housing and Urban Development (HUD) issued its final rule on the implementation of the Fair Housing Act’s disparate impact standard. The Fair Housing Act (FHA) prohibits discrimination in many housing-related activities ...Read More

Q: If our bank has a SCRA applicable loan, and the loan is delinquent, but the delinquency is satisfied after the first notice was sent, is there a time period whereby a new notice does not need to be sent if the loan becomes ...Read More

Q: Our retail staff is looking to have changes made to our CIP policy in regard to the collection of identification regarding business accounts.  The CIP regulation states that the bank should obtain documents showing the legal existence of the entity, such as articles ...Read More

Q: If the bank takes a commercial property in a business name as an “Abundance of Caution” and the property is in a flood plain; is the bank still required to make sure that there is flood insurance? A: If the commercial property has ...Read More

Q: We have a joint account owned by three people. When filling out a SAR, do we include a Part I on an all account holder even if one had no transactions or involvement? A: While a CTR has an assumption that all joint ...Read More