Most Popular Lending Content
Credit and loan exceptions that need to be resolved
02/25/2024
What types of credit and loan exceptions are commonly cleared at financial institutions?
When to and Not to Verify MLA Status
02/18/2024
How often does active duty have to be checked to comply with MLA? If we have originally checked the active duty status on an origination and we need to renew the loan, should we check that status again?
Resolving exceptions
02/18/2024
What is involved with “resolving” an exception?
Bank president signs on a non-profit account that just became overdrawn. Does Reg O apply?
02/18/2024
Our bank president is a signer on a local non-profit’s checking account. That non-profit just bounced a check – does Reg O come into play here? Can we pay the OD and waive the fee?
Multiple Buildings – Multiple Flood Zones
02/18/2024
We have a commercial loan on farmland with 12 outbuildings and a dwelling. Only one of the buildings (a small barn) is located in a flood zone that requires insurance. The loan amount is $500,000 and the appraiser valued this building at $70,000. Because only a small percentage of the secured collateral is in a flood zone, is flood insurance still required?