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#942070 - 04/15/08 01:05 PM Disclosures
summertime Offline
New Poster
Joined: Feb 2007
Posts: 16
We are making a CD secured loan with a Deed of Trust (abundance of caution)with an 18-month term with a balloon. Most likely we will not be financing long term. Is HMDA all we need to be compliant?

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Lending Compliance
#942112 - 04/15/08 01:49 PM Re: Disclosures summertime
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,398
Galveston, TX
Well, to mention a few others, Flood, RESPA, ARM disclosure if variable rate, RofR if primary residence.....

Abundance of caution does not negate all the consumer lending compliance issues.
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#943813 - 04/17/08 12:32 AM Re: Disclosures rlcarey
Ray_ Offline
Platinum Poster
Joined: Aug 2006
Posts: 879
Dallas, TX
If the loan is CD secured, why would you also need real estate for additional collateral?

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