Most Popular Lending Content
Mortgage Notices: Late Charges & Due Date
07/21/2003
Are we required to disclose on our monthly mortgage billing notices the amount of the late charge and the date the loan will be considered late?
Calculating HOEPA Loan Amount?
07/21/2003
When doing calculations to determine if a loan is subject to HOEPA's 3-day-prior-to-closing disclosure, how do we figure the loan amount? Do we use the amount financed, which includes the single-premium credit insurance?
Funding Institution or Originator: Who is required to record the transaction on the HMDA LAR?
07/21/2003
We are providing the financing on mobile homes and the originator serves the loan. Who is required to record the transaction on the HMDA LAR?
Who has compliance responsibility for CRA?
07/21/2003
As it pertains to responsibility for CRA for an institution, such as the CRA Officer, what dept. does this position usually fall under at most banks? We are $470 million and are reorganizing. Right now it's under our Lending area and they are considering to make it a part of marketing...I think it should be a part of our compliance dept.Of course marketing would provide updates to compliance on community outreach.
What department should be responsible for CRA?
07/14/2003
As it pertains to responsibility for CRA for an institution, such as the CRA Officer, what department does this position usually fall under at most banks? We are $470 million and are reorganizing. Right now it's under our lending area and they are considering to make it a part of marketing...I think it should be a part of our compliance department. Of course marketing would provide updates to compliance on community outreach.