Most Popular Lending Content
When is a new homeowners policy needed?
11/05/2023
Do you have to obtain a new hazard insurance policy at loan renewal?
SCRA Rates and Limit Increases
11/05/2023
I have a member who has a credit card with us. He recently notified us that he is now active duty. I know what our responsibility is regarding the interest rate under SCRA because this is a pre-service obligation. He now wants a limit increase of several thousand dollars on his credit card. Must we give him 6% on that portion?
When is the appraisal rights notice required?
11/05/2023
There is confusion over the disclosure for the Reg B, Right to Receive Copy of Appraisal. I read that David Dickinson (Aug 9, 2010) said there is no date requirement for this disclosure, whereas Dan Pesfull advised it is given at or within 3 days of application but can be given at closing. Per the CFPB website it must be given within 3 business day of receipt of application. (12 CFR § 1002.14(a)(2). Can some one clarify.
Example of loan policy exceptions
11/05/2023
What is an example of a loan policy exception?
Proof of Earnest Money Payment
10/29/2023
Would there be any compliance requirements to collect a receipt or a copy of a check for earnest money for purchase transactions, or would this be a secondary market requirement?