Approval Form For Electronic Statements
10/07/2002
I am searching for a sample of a form for a member to sign allowing a credit union to send statements electronically.
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10/07/2002
I am searching for a sample of a form for a member to sign allowing a credit union to send statements electronically.
10/07/2002
My understanding of mortgage insurance is that the payment schedule should reflect the consumer's mortgage insurance payment until the date on which the creditor must automatically terminate coverage. Is this statement true for both adjustable rate mortgages and fixed rate mortgages? Somewhere I thought I remembered that you only have to do this on the TIL for adjustables but I am not sure.
10/07/2002
Our bank is introducing a new Home Equity Line of Credit loan service. We are considering mortgage lending protection insurance for each line, and wish to pass the premium on to the borrower/s. This would benefit the borrower/s as title policies or certificates would not be required. How should this cost be disclosed under Reg. Z and RESPA?
10/07/2002
Is the capitalization of interest on home equity loans prohibited by any federal law and could such a practice be construed as predatory when it would only apply when a customer's payments are in arrears?
09/16/2002
If we make a mortgage loan that we are going to hold and service and the loan to value is in excess of 80%, are there any regulations that require us to cover that loan with private mortgage insurance? Or is that simply a bank policy issue that goes to loan quality?
09/16/2002
We have extended a payment on a loan and charged a fee to do so. May we still collect the accrued interest for the period extended?
09/16/2002
I am a commercial banker working for a thrift. I process builder loans (specs). The mortgage lenders want to process these as a "mortgage" loan. What written material can you give me to prove to them it is a commercial loan?
09/16/2002
What is the difference between guarantor, co-signer and co-maker? Specifically, what is the liability of a co-maker of a loan?
09/16/2002
Can you direct me to specific guidelines that determine whether or not a lender is classified as an "indirect lender" vs. "Direct lender"?
09/02/2002
Is there any requirement that prevents a creditor from using an automatic "flag" for credit scoring that would deny an applicant whose credit history reveals a bankruptcy? Does it matter that the bankruptcy has been discharged or that a substantial amount of time has passed?