Most Popular Lending Content
SSCRA Rate Adjustment
10/06/2003
I have a customer that has recently returned home from the war. To comply with the Soldiers and Sailor Relief Act his loans were all changed to 6.0%. At what point do we change the interest rates on his loans? Do we have to honor his original rates or do they default to our current rates?
Renting, Then Owning
10/06/2003
Would a purchase transaction of a property that is currently the borrower's primary residence as a rental be subject to rescission?
Getting Started with Open End Credit
10/06/2003
We are starting to look into started open ended lending versus closed end. I don't even know where to begin.
CIP Procedures, Guarantors, and Co-borrowers -- Primary Payment Systems, Inc.
10/06/2003
Should CIP procedures apply to guarantors of loans or only to co-borrowers?
Balloon Mortgage Terms
10/06/2003
An individual wants to purchase a house for investment purposes. Can we give a balloon mortgage with a floating rate? Also can we impose a prepayment clause?