Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Lending Compliance Balloon / Modification
Thread Options
#1685966 - 04/05/12 12:50 PM Balloon / Modification
southern palms Offline
Junior Member
Joined: Nov 2009
Posts: 46
Is the lender obligated to modify a rate before the balloon at a customer’s request?

Can a lender charge fees for modification w/o going to an attorney?

Return to Top
Lending Compliance
#1685976 - 04/05/12 01:02 PM Re: Balloon / Modification southern palms
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,656
Florida
Welcome to BOL

1 - if it is in the note or other document that the bank and customer had previously agreed to,

2 - that should be stipulated in state laws/regulations
_________________________
Integrity. With it, nothing else matters. Without it, nothing else matters.

Return to Top

Moderator:  Andy_Z