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10/07/2018
We have a customer that has occupied a residence that they are purchasing, and they do not have another residence. Does the right of rescission apply to early occupancy in a purchase transaction? We have gone round and round with differing opinions.
09/23/2018
Our state pays real estate taxes semi-annually. Can we charge a "life of loan" fee on consumer real estate loans for performing a real estate tax check? If we can charge such a fee, must it be incorporated into the loan origination fee (which we currently do not charge) or can it be a separate line item? If a separate line item, where does it get placed on the LE/CD?
09/09/2018
Can you require a principal pay down on a consumer real estate loan?
09/02/2018
What does a customer need to do to waive the three-day rescission period?
08/05/2018
For Reg D excessive transfers purposes from savings account, can a bank choose to use calendar month for one customer and statement cycle for another customer when both have the same account type, such as a money market deposit, so long as we use this consistently per customer?
07/29/2018
Can you require a principal pay down on a consumer real estate loan?
07/29/2018
As a bank employee, are we required to provide a magnifying glass or similar to someone who is visually impaired in order to comply with ADA regulations?
07/15/2018
If the bank receives a joint application but one of the joint applicants is a minor, can the bank deny the loan based on age of one individual (the minor) without facing possible discrimination? Under ECOA an institution may treat credit applicants different when under the age of majority based on state laws. But what if it is joint and the other applicant is of age?
07/01/2018
We have a loan that is a mobile/manufactured home on land. It sits on a basement and has a garage. We are wondering if the fee, $150.00 to the State of Michigan for the Affidavit of Affixture, is to be included in the APR.
06/24/2018
If a borrower requests a home improvement loan for the purpose of adding office space to his home, to allow him space for legal and security work, would this be a business purpose loan, or would it be considered a consumer purpose loan?
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