Banking Resources

The following is a list of resources that enable bankers to access pertinent information regarding banking issues.

Michigan Secretary of State FAQs on Snowmobile Registration

Click here for FAQs on Snowmobile Registration.

Listen to MBA Chairman Doug Chaffin speak about banking and the economy on NPR.

Ten Warning Signs of a Mortgage Modification Scam

Click here for ten warning signs of a mortgage modification scam.

Tips on how to avoid foreclosure rescue scams.
Information you may share with your customers and employees on avoiding foreclosure rescue scams.
Click here for tips on how to avoid foreclosure scams.
Click here to view Michigan Lending & Foreclosure Guide.

Public Private Investment Program for Legacy Loans
Click here for a list of frequently asked questions.

Read why a bank is the safest place for your money.

TARP Update
Click here for more information.

Are My Trust Account Assets Safe?
Click here for more information.

Commerce Web Site Intended to Help Consumers Avoid Forecloses, Find Jobs and Protect Savings
Click here to view the Web site.

Temporary Liquidity Guarantee Program
The FDIC has created this program to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, thrifts, and certain holding companies, and by providing full coverage of non-interest bearing deposit transaction accounts, regardless of dollar amount.
Click here to provide background on the program and to answer any questions you might have.

FAQs Purchases, Mergers and Deposits
Click here for a list of frequently asked questions.

Stabilization Act and my Bank
Click here for more information on the Stabilization Act.

Fannie Mae and Freddie Mac Questions and Answers
Click here for a list of questions and answers on Fannie Mae and Freddie Mac.

2008 Distressed or Underserved Tracts
Click here for a 2008 list of middle-income nonmetropolitan distressed or underserved geographies.

Freddie Mac Presentation on Mortgage Market Conditions in Michigan
Click here for a PowerPoint presentation given May 20, 2008, to the Michigan House Banking Committee by Amy Crews Cutts, deputy chief economist.

Foreclosure Seminar Information
This information is provided to assist member banks with developing seminars or community events to assist homeowners with mortgage issues.

State of the Economy
Click here for State Treasurer Robert Klein's PowerPoint presentation on the state of the economy given at the 2008 Legislators and Lenders Day.

Regulatory Issues
For State chartered banks contact the OFIS (Office of Financial and Insurance Services) Bank & Trust Division (517) 373-6950.

For Federal chartered banks contact the OCC (Office of the Comptroller of the Currency).

Central District (Chicago) - 312-360-8800
Washington D.C. – 202-874-5000

State Banking Laws
Here, you will find bills, acts and other law resources at the Michigan Legislature website www.michiganlegislature.org. At this site, you can search for bills using key words or bill numbers. It contains pending bills, old bills, and public acts for Michigan.

Record Retention
If you have data retention questions the MBA suggests you purchase the MBA Record Retention & Destruction Manual. The purpose of the MBA’s Record Retention Manual is to provide, in a user-friendly format, the record keeping requirements for Michigan banks imposed by the U.S. Congress, Michigan Legislature, and regulatory agencies. It can be ordered by clicking here.

Do Not Call List
For questions about compliance or registration to the Do Not Call list refer to the Federal Trade Commission website www.ftc.gov.

Compliance Questions
For compliance questions Kirchman's website or services may be helpful www.kirchman.com. Another useful website is www.bankersonline.com. This website has answers to numerous questions and offers some free services.

Miscellaneous Questions:
Answers to miscellaneous banking questions can be found at www.bankinfo.com/quicklinks.html. This site offers answers to some common and not-so-common banking questions.