03/20/2022
If the bank takes a blanket commercial UCC as collateral does that trigger the requirement to obtain proof of Contents Coverage if the property is in a flood zone, or would the UCC have to be specific to Equipment, Furniture & Fixtures as well as the loan approval?
Would proof of flood/contents coverage be necessary on a blanket commercial UCC taken as collateral?
01/16/2022
If we take an assignment of rents and leases, should we also file a UCC?
12/12/2021
I am searching for a policy for the financing of boat docks/slips. Senior management is at odds with one another over whether it is prudent to require the real estate adjoining the dock or if the asset itself is marketable. One senior manager argues that the permit is the value in the asset? So we are looking for a sample policy on this, and any insights from those familiar with such loans.
06/06/2021
Are there any issues putting two separate liens via two deeds of trust against the same property on one loan?
06/06/2021
Are there any issues putting two separate liens via two deeds of trust against the same property on one loan?
04/18/2021
We made a closed end loan secured by a vehicle and a CD. The disclosure statement is missing language pertaining to the "required deposit". Where in Reg Z can I find the information stating that both collateral items need to be listed on the disclosure statement if they truly do need to be listed?
04/04/2021
We are a debt collector. How do we reach a banks civil departments to serve them with a UCC-1?
03/21/2021
What occurs during a collateral inspection?
05/24/2020
How can we modernize our collateral tracking workflow?
04/26/2020
I am trying to find documentation to determine if denying a loan for "collateral" is appropriate when the issue is that the property is up for sale. The result is that the loan will not meet our guidelines so is this an appropriate reason to deny the loan for "collateral." Or would the appropriate denial reason would be "Other." Can someone point me to the correct location to view documentation to better support the use of denial reason other vs collateral?