Illinois bankers are constantly challenged with new laws, regulations, enforcement trends and other pressing compliance concerns. Now they have an exciting resource to help them — IBA Compliance Connection — a free website for all employees of IBA member banks that will quickly become your “go to” source for Illinois banking compliance information, guidance and support — each and every day!
What you will find on the IBA Compliance Connection
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IBA Compliance Connection® is a members-only benefit for members of the Illinois Bankers Association. For more information about the IBA and membership, please click here.
Visit our Delinquent Borrowers Topic Page, which links to the federal laws and regulations that apply to lenders when a borrower becomes delinquent on their loan, including relevant provisions of the Homeownership Counseling Act, Regulation Z, and Regulation X. Access our Forms Library to find model clauses illustrating how to comply with Regulation X’s early intervention requirements for certain delinquent borrowers.
Our Delinquent Borrowers Resources Page links to the interagency statement on working with mortgage borrowers, guidance from the OCC, Federal Reserve, and FDIC on homeownership counseling, HUD notices for delinquent borrowers, and more.
Do you know if you should wait until a foreclosure is complete to file IRS Form 1099-C? To find out, visit our Delinquent Borrowers Q&A Page, where we have answered dozens of related questions. If you have a compliance question, please send it to us using our online submission form or call our Compliance Connection Hotline at 1-800-GO-TO-IBA!
Due date for First Quarter Call Report
Due date for Second Quarter Call Report
Due date for Summary of Deposits for all insured banks with branches (rule)