Reg B Policy Template Update Details

What's New

Topic 6 - General Rules. Contains the following subtopics:

Discrimination

Discouragement

Written Applications

Form of Disclosures

Foreign Language Disclosures

Topic 18 - Audit Policy. This topic provides guidance with respect to a financial institution's requirement to conduct periodic independent audit reviews of its consumer lending compliance activities.

What's Revised

Topic 2 - Policy Statement. The contents of former Topic 4 - Regulation B Background/Requirements is now included under the "General" subtopic.

Topic 7 - Rules Concerning Requests for Information. Formerly entitled "Rules Concerning Taking of Applications", this topic was reformatted to mirror current regulatory guidance.

Topic 11 - Notifications. The subtopic entitled "Duties of Third Parties" was deleted.

Topic 20 - Retention of Documentation. The subtopic entitled "Bank/Policy Procedures Regarding Retention" was revised to include additional guidance regarding storage.

What's Deleted

Topic 4 - Regulation B Background/Requirements. Now included in Topic 2 - Policy Statement.

Topic 7 - Rules Concerning Deposit Transactions.

Product Contents

Purpose and Contents - Topic 1

Policy Statement - Topic 2

Risk Management of Unfair or Deceptive Acts or Practices - Topic 3

Definitions - Topic 4

Limited Exceptions for Certain Classes of Transactions - Topic 5

General Rules - Topic 6

Rules Concerning Requests for Information - Topic 7

Rules Concerning Evaluation of Applications - Topic 8

Rules Concerning Extensions of Credit - Topic 9

Special Purpose Credit Programs - Topic 10

Notifications - Topic 11

Furnishing of Credit Information - Topic 12

Relation to State Law - Topic 13

Information for Monitoring Purposes - Topic 14

Rules on Providing Appraisal Reports - Topic 15

Rules for Self Testing and Self Correction - Topic 16

Enforcement, Penalties and Liabilities - Topic 17

Audit Policy - Topic 18

Staff Training - Topic 19

Retention of Documentation - Topic 20

Includes the following form template:

Application Conversion Log (3 pages)

Ordering Information

This revised product is available to purchase from Bankpolicies.com for:

$275.00 - List Price

- or -

$25.00* - Update Price

*Applies only to clients who have purchased the Regulation B Policy Template within the last three years.

If you have ordered this product after 11/18/07 you are eligible to receive the product update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

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