Most Popular Lending Content
New Small Bus. LAR, Does it Duplicate HMDA
06/04/2023
Regarding the new small business data reporting requirement expected to come out soon. Will this "1071" requirement be similar to HMDA and CRA whereby if it’s HMDA it cannot be reported as CRA? So if it’s a HMDA reportable loan, then we won't report it for the small business data?
Retention of small business loan files
06/04/2023
How long does a financial institution need to retain Small Business Loan files on a customer? We have a couple of opinions: 7 years or forever. It there a state or federal requirement or just a best practice based on exams or potential litigation involving the loan?
Expiring vs. missing credit and loan documents
06/04/2023
What is the difference between expiring and missing documents?
Irregular loan terms and TRID
05/28/2023
This is for a TRID - Lot/Land loan. Is an Irregular payment schedule with 12 months interest only payments followed by a payout term (ex. 24 months P&I with 108 months amortization, and any balloon) allowed?
Stock Valuation for Collateral
05/28/2023
When doing a commercial loan that is secured by stock, would you include that value when calculating the CLTV?