A rescindable loan for $20,000 was made and the ROR notice was provided. This loan is paid down to $10,000 and then the borrower refinances the $10,000 and wants an additional $5,000 for a total of a $15,000 loan. Is a ROR notice required for the $15,000 loan even though it is less than the original $20,000?
Is there a dollar amount connected with HMDA reporting for a multiunit complex, apartments or condos?
Is it a violation of Section 8 of RESPA for a title company to invite lenders and loan support staff to a local restaurant for hors d'oeuvres and drinks? The invitation is only for our bank employees, not those of other banks. This same company also provides lunch to all bank employees at Christmas time. The title company is also a bank customer.
We have a customer who was in an accident and is in a wheelchair and exhibits bad behavior when he is in our branch. This behavior includes shouting, cursing at employees, calling our employees names and leaving multiple voice mail messages for employees at all hours of the day and night. We have spoken with him and given him written notice that this type of behavior is disruptive to our business and our employees are scared of him and do not like dealing with him so he can only transact business with the branch manager. He states that he has brain damage as a result of his injury and that is the reason he behaves this way. Is his irrational and unpredictable behavior protected under ADA?
In 226.20(a)of Reg Z the following is excluded from the term "refinancing" and therefore exempt from disclosure requirements: (1) A renewal of a single payment obligation with no change in the original terms. Does "single-payment" include a loan where principal is due at maturity (e.g. 12 months) but interest is payable periodically (e.g. quarterly)?