Thread Options
#1525296 - 03/22/11 06:45 PM Commerical varaiable loan...New Product
Dodge Offline
100 Club
Joined: Mar 2010
Posts: 239
We are fixing to start offering a commercial loans that have a variable rate.

Are there any disclosures for this type of loan? I know on consumer purpose there is, but this is for business purpose.

Return to Top
Lending Compliance
#1525353 - 03/22/11 07:19 PM Re: Commerical varaiable loan...New Product Dodge
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,769
Bloomington, IN
Quote:
We are fixing to start offering


You must be from the South -- I use to love to raz my ex when she used that term.... smile... maybe that's why she's my ex... shocked

There are no Federal disclosures required for business purpose VR loans however check state law just in case.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top

Moderator:  Andy_Z