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#955542 - 05/07/08 03:53 PM CD secured loans - interest rates
OnTheEdge Offline
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Joined: Apr 2002
Posts: 1,677
SmallTown, USA
Lender says he's 80% sure that by regulation we must charge at least 1% more on loan than the CD securing loan.

I've never heard this before. If anyone has any info, please let me know. Would appreciate a quick answer. Thanks
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Lending Compliance
#955578 - 05/07/08 04:42 PM Re: CD secured loans - interest rates OnTheEdge
Cowboys Fan Offline
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Posts: 4,615
SC
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#955580 - 05/07/08 04:45 PM Re: CD secured loans - interest rates Cowboys Fan
OnTheEdge Offline
Diamond Poster
Joined: Apr 2002
Posts: 1,677
SmallTown, USA
Thanks I also came across that info.
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