Is there a dollar amount connected with HMDA reporting for a multiunit complex, apartments or condos?
If a loan request is to purchase a bed and breakfast which will serve as a business and also primary residence, is it RESPA required?
We have a customer who paid his principal down and would like to reamortize his payments with the rate and term staying the same. Are new TIL disclosures needed?
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)?
Can we take a wedding ring as collateral on a consumer loan if we hold possession of the ring and it is for purposes other than to purchase the ring?