Most Popular Lending Content
UCC, Refinancing, & Terminations
12/02/2002
It has been a few years since I personally looked at the UCC forms since their revision. I see that no signatures are required on the form. Since most lenders are lax in filing termination, in the case of a refi, can the new lender simply file the terminations?
Compliance Calendar
12/01/2002
JANUARY
Compliance and Cheating
12/01/2002
Our society has long accepted the fact that some people cheat. In fact, we assume that certain professions cheat.
APR Errors and Restitution
12/01/2002
We all know what happens when the APR or finance charge is under-disclosed: restitution. What happens when the APR or finance charge is over-disclosed? Basically, nothing.
The Overdraft Product Craze
12/01/2002
Management may be excited about the fee income opportunities with an overdraft product. In fact, fee income is the carrot that the vendors are using to sell the product.