Here is one of my favorite responses from a Commercial Lender:
I found a loan for $20,000 that was used to pay PERSONAL taxes, and the term of the loan was 90 days, interest only.
And of course, there was no disclosure on the thing.
When confronted with this loan, the lender replied "But this loan isn't subject to Reg Z, it's on the COMMERCIAL loan system.
**sigh** The Commercial Loan system was used for any loan that did not have equally amortizing installment payments.
I asked him if I renamed the "Commercial" loan system to the "Free Willy" loan system, would the borrower be required to send a donation to Greenpeace?
The Loan Officer didn't get the joke.