One example is the Equal Housing Lender logo. As commercial lenders, they maintain they are not held to the same requirements as our home mortgage lenders. Our commercial lending area is using the website to advertise their products. Does it need to be? Would this ad be considered compliant? What would make it compliant? Is this a bad idea? EHL logo on Commercial Loans Numerous programs available to be a homeowner again. The ad reads: Have you filed bankruptcy or had your home foreclosed on in the past two years? Call to get your credit checked. One of our mortgage lenders would like to place an ad in the classified portion of the local newspaper. Floating rate for Highest Quality Credits.' Will there be any compliance issues, such as trigger terms, etc? Print Ad - Mortgage Lending Compliance We’d like to advertise a promotion that states: 'Business and Real Estate Loans from 4.5%. I am in charge of our electronic sign and need to find out where there is a clear/concise source of information that guides us in what we have to disclose on the sign for interest rates, terms, etc. Our bank compliance officer left last fall for another job. Should a national bank have the EHL logo displayed on each loan officer/customer service desk where home loan applications are received or is the lobby poster sufficient? Disclosures Required on Electronic Signs I once read something that stated the Equal Housing Lender logo (EHL) should be displayed anywhere a home loan application is received. On our banking website do we need both the equal housing lender logo AND disclosure? I read that we do but can find one banking website that actually does. If we are listing OREO property for sale in the newspaper, must we include the FDIC or Equal Housing Lender information? Equal Housing Lender Logo/Disclosure On Website The bank name, member FDIC, Equal Housing Lender and Not, Not, May are not included on the window cling.Ĭan we omit these disclosures since it is in the lobby and the list is generic?įDIC and Equal Housing Lender Information Relative to Advertising OREO Property

The window cling will only be visible inside the bank. Marketing has created a list of services that the bank offers (checking, savings, loans, investments, etc.) in a creative design. List of Services in Lobby-Omit Disclosures? 2023 BSA/AML Top Gun Conference ON-DEMAND.2023 Lending Compliance Triage Conference.2023 Operations Compliance Triage Conference.

Equal housing lender sign