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#1506603 - 02/08/11 04:26 PM New TIL and New NOTE?
complofcr Offline
100 Club
Joined: Apr 2010
Posts: 183
SE USA
First of all, I apologize if this has been mentioned. In my research I was not able to find it.

We are a Jack Henry bank using Streamline and WKFS for our forms. We received the new TIL forms, but did not receive new notes. Are we supposed to get a new note since the notes we currently use have the TIL box on them? Also, does the new TIL apply to all consumer loans or just real estate? I believe our legal counsel is just as confused/overwhelmed as we are and I can't seem to get an answer.

Thanks!

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Lending Compliance
#1506707 - 02/08/11 06:40 PM Re: New TIL and New NOTE? complofcr
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
We are the same as you, however only our MH-only notes contained the TIL on the note form...so that's the only one that changed.

Sounds like you've been using the CN instead of the universal note on your RE loans...I don't believe you should have been doing that even pre-change.
Last edited by RR joker; 02/08/11 06:44 PM.
_________________________
My opinion only. Not legal advice.

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#1506716 - 02/08/11 06:52 PM Re: New TIL and New NOTE? RR Joker
Obi Offline
100 Club
Joined: Oct 2004
Posts: 181
There is documentation on the client portal about a new note to use. PM me if you can't find it.

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