Most Popular Lending Content
TILA Reimbursement Tolerance
04/05/2004
If a finance charge is understated on a TIL and restitution needs to be made, is the bank allowed to keep the tolerance, and would you state any pro and con reasons for this?
HOEPA - Rescission Waiting Period
04/05/2004
In a prior Guru question it was stated that in a loan closed on Friday, consummation could occur on Tuesday. But the rescission rules won't allow the closing until after midnight Tuesday. Does this mean that HOEPA could be given at the same time and would end sooner than rescission?
Balloon Disclosure
04/05/2004
Is there a disclosure required at application for a loan that will have a balloon payment?
Difference Between Act and Regulation
04/05/2004
Can you please tell me the difference between an Act and a regulation? And is a law different than a reg or act? For example, Regulation DD is for Truth and Savings, but there is also a Truth and Savings Act.
FRB Appoints New Director
04/01/2004
A significant change has taken place at the Federal Reserve Board.