Commerical varaiable loan...New Product

Posted By: Dodge

Commerical varaiable loan...New Product - 03/22/11 06:45 PM

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.
Posted By: Dan Persfull

Re: Commerical varaiable loan...New Product - 03/22/11 07:19 PM

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.