Most Popular Lending Content
Combination Home Equity/Home Improvement
04/01/2002
Can you have a home equity loan and a home improvement loan on the residing homestead?
Charging Fees to Comply with Requests
04/01/2002
We get requests from customers to change the payment date or the method of payment (automatic to coupon) etc. Can we charge a fee for these requested changes? Is there a disclosure issue?
Failing to Make Early Disclosures
04/01/2002
What happens if a mortgage loan isn't disclosed within 3 days of the loan application? What should the borrower do?
Prepayment Penalty Disclosures
04/01/2002
We are considering giving away a vacation trip for every new consumer loan made over a certain dollar amount. The loans can be unsecured or secured. We want to charge a prepayment penalty if the borrower pays the loan off in a month or two just to get the trip. How do we disclose this to the customer or are there any regulations that restrict what we can give away or the amount of the prepayment penalty?
What Do the Revisions to Regulation C Mean?
03/29/2002
by Jack Holzknecht, Pegasus Education Systems
BOL Guru