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January 6, 2015
Business Accounts Documentation and Procedures with Beneficial Ownership
Deborah Crawford

January 6, 2015
FFIEC Cybersecurity Initiatives and Observations from the 2014 Assessments
Susan Orr

January 15, 2015
The ABC's of IRAs - The Basic Ingredients
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January 20, 2015
B & Z Appraisal Rules - Getting Them Right
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January 21, 2015
HMDA Soup to Nuts
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January 22, 2015
Navigating the Treacherous Waters of IRA Rollovers, Transfers and Beneficiary Payouts
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January 28, 2015
Mortgage Life Cycle
Part I
David Dickinson and Jerod Moyer



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#718833 - 04/19/07 02:15 PM Fee for Unused Portion Commercial Line of Credit
elcinoca Offline
Platinum Poster

Registered: 01/08/02
Posts: 533
Loc: Elizabeth City, NC
I've attempted a search, but to no avail. What is it called when a financial institution charges a fee for the unused portion of a Commercial LOC?

Also, other than state codes or statutes, are there any federal regulations or restrictions on imposing a fee for unused credit?

Thanks for your insight.

MarkB

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Lending Compliance
#719114 - 04/19/07 09:00 PM Re: Fee for Unused Portion Commercial Line of Credit [Re: elcinoca]
Happy Birthday rlcarey Offline
10K Club

Registered: 07/16/01
Posts: 51225
Loc: Galveston, TX
There are no Federal guidelines.
_________________________
The opinions expressed are my own, take them or leave them.

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#719394 - 04/20/07 12:03 PM Re: Fee for Unused Portion Commercial Line of Credit [Re: rlcarey]
elcinoca Offline
Platinum Poster

Registered: 01/08/02
Posts: 533
Loc: Elizabeth City, NC
Thanks Randy,

MarkB

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#719424 - 04/20/07 12:21 PM Re: Fee for Unused Portion Commercial Line of Credit [Re: elcinoca]
barney5 Offline
Junior Member

Registered: 03/09/07
Posts: 44
Loc: Kentucky
Most Financial Institutions refer to this as an Inactivity Fee.
_________________________
If you can't convince 'em, confuse 'em!

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#719435 - 04/20/07 12:28 PM Re: Fee for Unused Portion Commercial Line of Credit [Re: elcinoca]
barney5 Offline
Junior Member

Registered: 03/09/07
Posts: 44
Loc: Kentucky
Oops! I forgot to mention that some FIs refer to this as an Unadvanced Commitment Fee.
_________________________
If you can't convince 'em, confuse 'em!

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#719459 - 04/20/07 12:42 PM Re: Fee for Unused Portion Commercial Line of Credit [Re: barney5]
elcinoca Offline
Platinum Poster

Registered: 01/08/02
Posts: 533
Loc: Elizabeth City, NC
Thanks barney5 --

That may increase my hits on a search of the topic.

MarkB

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