Most Popular Compliance Content
Reporting Small Dollar Withdrawn App
02/02/2004
I have an application which was withdrawn. The purpose is for earnest money on the purchase of a house. The amoount is $500.00. I am not sure if this is reportable on the HMDA LAR.
HELOC Tied to ODP
02/02/2004
Can a home equity line of credit be set up contractually to also be used as overdraft protection (i.e., an automatic sweep from the line to cover any overdraft that may occur in the customer's checking account)?
Timing on HOEPA Disclosures
02/02/2004
When disclosing a HOEPA loan we are required to provide borrower with HOEPA disclosures 3 days prior to closing the loan. If the loan has a 3 day right of recission, are we in compliance by disclosing at the time the loan is closed if funding of loan is not until 3 days?
Exception to LTV Ratio
02/02/2004
Is there a compliance issue if you make an exception to your fixedrate home equity policy in order to extend the loan to value ratio from 80% 95% for one customer?
Loans and Insurance Disclosures
02/01/2004
Question: We are selling credit life policies in connection with consumer loans. Do we have to give the insurance disclosures as well as all the loan disclosures?