Thanks so much for the information - I've read those sections so many times -
Question keeps popping up - the law keep indicating that the rebate applies to prepaid finance charges on "precomputed" loan. All of our loans are simple interest. Would the "rebateable portion" of the law apply to prepaid finance charges on simple interest loans?
Thank you again
I survived an OCC Fair Lending/Comparative File Review of 1,756 loans with no findings that stuck!
CRCM, CIA, CRP, CBA