Will the Payday Lending Rule affect most of the loans that banks make to consumers?
Is a creditor subject to the Payday Lending Rule permitted to receive payments by ACH transfer?
Can disclosures and notices be provided electronically under the Payday Lending regulation?
Who are the consumers the Payday Loan rule is designed to protect?
What does the "stay" of the compliance date for the Payday Loan Rule do?
If we have a rate sheet that we give to real estate agents and our loan originators, but we know the true use will be for them to hand it to consumers or post it where consumers can readily access it, wouldn't we need to have the APR on it?
We include the Equal Housing Lender logo in all our home loan ads. Are we also required to include the “Equal Opportunity Lender” logo?
How can my bank make sure we correctly classify our employees as a Mortgage Loan Originator or a Loan Originator? It is confusing
We are trying to update a residential loan policy and our review committee would like to know what would happen if we failed to comply with Fannie Mae QC requirements for prefunding and post-close mortgage loans? I can find info on post-close penalties and requirements, but nothing for not completing prefunding QC.
Can you point me to any penalties, or requirements to self-report and/or buy-back loans if we don't do prefund QC?
How does fair lending impact commercial loans, which is not “consumer protection” controlled?