[Marcella]

When is the Initial rate adjustment notice (210-240 days) due when the ARM term is 1 year?

[Marcella]

I’m not understanding what verbiage constitutes Mandatory arbitration and waivers. the following statement is in our notes: Jury waiver. We and you hereby waive the right to any jury trial in any action, proceeding, or counterclaim brought either us or you against the other. I don’t think this fits, but I’m not sure.

Thanks

[Marcella]

FDIC had a phone conferance on Flood today. There are a few exceptions but they didn’t cover them, this is the site they gave 339,5. The escrow requirement is not effective until July 6, 2014, so we have time to figure them out.

[Marcella]

OK! I was so happy with the first 3 requriements of the exemptions that I didn’t really read number 4. I’m still not fully understanding what they are saying in number 4; but I have a feeling that we are going to escrow. Can you strighten me out?

thanks

[Marcella]

Can you explain to me when underwriting and repayment ability would be needed when charging off overdrafts.

thanks

[Author]

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