Has the CFPB provided sample forms for construction loans?
How is a bank supposed to handle loan payments which exceed what is currently owed?
Will a mortgage loan containing a primary residence and 78.45 acres used primarily for agriculture purpose be exempt from TRID and escrow?
How can I validate that the APR I have disclosed is correct during a leap year? I noticed that if I enter the loan date as 02/28/19 and the first due date as 03/28/19, APRwin returns that there is 1 period and 0 odd days which matches what our internal software has calculated. If I enter the loan date as 02/29/20 and the first due date as 03/29/20, it returns 0 periods and 28 odd days. This definitely doesn't match our internal software as it also returns 1 period and 0 odd days for this scenario. I've read online that APRwin has limitations for calculations when the year has 366 days. Should we go with 1 and 0 and is there another tool we can use to confirm this?
Does Section 8 prevent us from accepting Christmas gift from providers such as appraisers and title companies?