Most Popular Lending Content
Prior Board Approval under Reg O
01/06/2003
Our bank falls under the $500,000 prior board approval requirement for extensions of credit to an insider. If I understand Regulation O correctly, exceptions under general prohibitions only apply to the aggregate lending limit when the loan is secured by a CD. If a loan is made to an insider for more than $500,000 and is secured by a CD in our bank, is prior board approval required?
Payoff of Home Equity Loan vs. HELOC
01/06/2003
Would it be more advantageous to take out a home equity line vs. a home equity loan paying off both at the same rate over the same period? Would the amortization be the same on both debt loans? I want to have the loan paid off in four years. My wife and I are having a dispute here. She says it doesn't make a difference, I say it is better to have a home equity loan vs. a HELOC. Again, the loan needs to be paid off in four years with equal monthly payments.
Is appraisal by certified appraiser required?
01/04/2003
For loans over $250M, is it mandatory to have an appraisal in file that is done by a certified appraiser?
FCRA, Joint Accounts, and Adverse Action
01/01/2003
by Mary Beth Guard, BOL Guru
Predatory Lending under Regulatory Scrutiny
01/01/2003
by Mary Beth Guard, BOL Guru