Bio:
Guru Emeritus - Thank you for lending your expertise to the BankersOnline.com community.
Questions Answered
02/11/2002
If you quote an Annual Percentage Yield of 3.65% on a 24 month CD using the term "Annual Percentage Yield", do you have to use the full term again when quoting an offer for a completely different product, or can you use the term "APY"?
02/04/2002
Where can I find a mortgrage calculator that will tell me how much my interest-only payments would be if I choose that option?
02/04/2002
Someone came back from a seminar saying that for a Home Improvement Home Equity the early truth and lending is not required. Is this true and if so where can I find that in the regulations?
01/07/2002
Is it a requirement to have a privacy policy posted on a website, when the website is simply a "presence" and the bank does not collect any information and permit customer transactions?
01/07/2002
Do you think it is better to send direct mail or send a mass email to attract new customers?
01/07/2002
Is a Lender required to disclose the Total Sale Price (5th box) on the TIL for consumer real estate loans in which they are purchasing a foreclosed property and will be using the property as collateral to secure the loan?
01/07/2002
On an ARM loan, what information needs to be shown in the APR area of the Truth In Lending disclosure? Can you just put the adjustable rate information or do you need to state an APR based on the initial rate?
01/07/2002
Do you know anything about the font size changing on Truth in Lending disclosures effective October 1st?
01/07/2002
When making an installment payment on a 2nd mortgage, can I specify that any extra payment amount, let's say $50.00, be applied to the principal and not against the next month's payment? Is the bank obligated to apply this extra amount of $50.00 against the principal if I request it to be done that way?
01/07/2002
A question posted earlier asked for a site for the Equal Housing Lender logo. The questioner was directed to the HUD site. That was a good thing to know except that the only logo there was for Equal Housing Opportunity. Do you where to get EH "LENDER" logo and its usage information?
Pages