Skip to content
BOL Conferences
Thread Options
#609979 - 09/07/06 12:42 PM Loan Sale
MichelleDawn Offline
Power Poster
MichelleDawn
Joined: Feb 2005
Posts: 5,994
Is there any issue with having a loan sale only for specific offices and only for a capped amount?

Example: $2,000,000.00 (total of all loans) for 3% mortgages at the Main, South and Market branches only.

Please advise.
_________________________
If electricity comes from electrons, does morality come from morons?

Return to Top
Lending Compliance
#609980 - 09/07/06 12:55 PM Re: Loan Sale
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,363
Galveston, TX
It might depend on the markets served by those branches. If they are located in low minority population areas and your other branches are in high minority popluation areas, you are most likely going to create a disparate impact.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#609981 - 09/07/06 07:03 PM Re: Loan Sale
MichelleDawn Offline
Power Poster
MichelleDawn
Joined: Feb 2005
Posts: 5,994
That's the line I was thinking, but wasn't sure if I was missing another consideration. Thanks for the input.
_________________________
If electricity comes from electrons, does morality come from morons?

Return to Top

Moderator:  Andy_Z