Bank Compliance Center

In today’s banking environment as soon as one big new regulation is implemented another pops up. ICBA’s compliance training opportunities and exceptional resources, online and offline, will help your community bank stay informed and one step ahead of the regulators.

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Compliance Question of the Week

Question: Does a bank have to provide ARM shopping disclosures and rate adjustments to consumers where the loan will be secured by a mobile home?

ANSWER:

Maybe. If the mobile home serves as the applicant's primary residence, the disclosure requirements would apply.

Reference: 12 CFR 1026.3 and 1026.19(b).

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