12/05/2011
When you are doing a loan on a principal dwelling to a Trust (to purchase the dwelling to live in) would this be a consumer transaction and would they need to sign a TIL closing statement?
08/22/2011
My borrower is using another person's home as collateral on her loan. The person putting up the collateral is not on the loan. Who signs the disclosures (good faith, tila, etc)? Is it the borrower or the person putting up the collateral or both?
03/07/2011
Our new TILA does not have the term on it example: 5 payments at $350.00 with a balloon of $2000.00 Is this correct for a fixed rate decreasing with a balloon?
07/12/2010
If there is a negative interim interest (credit) on the HUD-1, shouldn't that be included in the calculation of the finance charge to calculate the APR?
07/12/2010
YSP was not considered APR impacting prior to RESPA Reform (built into the rate). With the change on the GFE to reflect YSP as a credit to the borrower, is this now APR impacting? We think is should be treated the same way it was prior to RESPA reform, but are concerned RESPAs change may have an unintended impact on Regulation Z.
05/17/2010
Regarding temporary financing or a bridge loan, it looks like RESPA does not apply but what about TILA?
03/22/2010
Under new RESPA regs, is it ok to give a preapproval for a home loan with a property to be determined (TBD)?
10/19/2009
We are totally confused on the subject of the recent Credit Card Act. We are understanding that the TILA amendments apply also to our HEQ Lines of credit. We now mail statements at month end with a due date ten days from the statement drop and allow fifteen extra days to make payment without a late fee or any reporting to a credit bureau. Are we in compliance or must we make our payment due date twenty-one days or more for mailing purposes, and then, by contract with the customer, still allow the grace period?
07/27/2009
A purchase transaction was originally disclosed that excluded the MI premium. The error was system related, and was noticed prior to closing and was redisclosed to the borrower with the higher monthly PITI. Has the TILA violation (if there was one) been mitigated with the redisclosure?
03/09/2009
I have heard that a new truth in lending pre-disclosure will be required next year, but I don't see anything about it in the regulation. Will this be required and if so, where is it stated?