Most Popular Lending Content
Using UTMA Account As Loan Collateral
08/04/2003
Under UTMA regulations it was my understanding that in order to use a UTMA account as collateral for a loan we needed some sort of proof that this money was to be used to benefit the minor. Is this correct? If so, how can we be sure that the loan proceeds are being used for the minor?
Required Home Equity Disclosures -- Bankers Systems, Inc.
08/04/2003
When handing out Home Equity applications what disclosures should we give our customers to stay in compliance?
IT Regulatory Hot Buttons
08/04/2003
As it relates to IT examinations, what are the top "hot buttons" for regulators?
Home Equity Loan, Rental Property Collateral, and HMDA
08/04/2003
have a loan that I am not sure if it is subject to HMDA. Purpose is to purchase real estate. Collateral is rental property they already own. The loan is home equity(close end). We have a 2nd mtg. on rental house. Is this subject to HMDA?
Online Loan Applications, Disclosures, and CIP
08/04/2003
Our bank is going to start offering online loan applications for customers to print, fill out and send in for home mortgages. Do we have to give any disclosures out on the Web site to customers printing up a loan application? We will also be taking applications for new accounts online. To stay in compliance with the CIP regulation, will they have to come into the bank for the account to be opened? Do we have to have the disclosures online or can they be given to the customer when the customer comes into the branch?