Most Popular Lending Content
When the Borrower's Home is Owned by a Business
07/08/2002
by Mary Beth Guard, BOL Guru
Attach A Photo To The Signature Card & Scan The Photo For Photo ID - Good Idea? - Or A Violation?
07/01/2002
By Mary Beth Guard, Esq.
Reg Z Disclosures on NonReg Z Loans
07/01/2002
After several years of trainging and memos, the lending department management continues to provide consumer FED BOX disclosures to applicants who qualify for the exemptions of Reg Z business, ag, corp, amounts greater than $25,000, etc. Please provide horror stories, agencyordered restitutions, court cases, etc. to help me fight this
Home Improvement Advances and Reg Z
07/01/2002
We are auditing home improvement files. Here is the situation: An advancing line of credit is issued on a home improvement loan secured by the dwelling for approximately 3 months. A renewal (not a refinance) of the loan is done at the completion of the improvement. The changes to the loan agreement consist of payments and maturity date. The interest rate remains the same.<ol><li> How and what do we disclose on an early TIL when the loan opens at a zero balance and no advance dates or amounts are known?<li>If so, what do we disclose on the renewal?<li> Can you point us to the part(s) of Regulation Z that addresses this situation?</ol>
Fed To Change Discount Lending
07/01/2002
The Federal Reserve Board is proposing to change the way it lends money to banks, making it easier for banks to get a loan from them.