Vendor Guru Q&A - Lending

Sharing Exception Reports with Lenders

Latest Lending - Commercial Lending Topics

TRID Rule & Line of Credit Secured by Property

12/01/2019

Does a Line of Credit, secured by both a commercial property and a vacant residential property, apply to the TRID rule. The primary purpose of the loan is for business purposes.

Reporting Commercial Loans to Credit Bureau

11/24/2019

Can we report adverse credit to the credit bureau on a commercial loan and the guarantor if we don't normally report our commercial loans to the credit bureau?

Is loan to buy stock from ex-employee CRA reportable?

09/22/2019

Is a loan to a company buying stock from an ex-employee CRA reportable? It is secured by business assets.

Minimum Age to be a Member of LLC

09/15/2019

What is the minimum age a person can be to be a member of an LLC and if it is less that 18, does it impact that persons ability to borrow on behalf of the LLC?

Regulatory Disclosure for Refi Commercial Mortgage

08/04/2019

What regulatory disclosure is required for refinancing a commercial mortgage loan?

Lending to Start-up Business for Processing Hemp

07/28/2019

What should be a financial institution's main considerations/conditions for lending to a start-up business for processing hemp? How does an institution perfect a security interest in the raw material/and or crude? If the institution has to take possession for some reason, what would be the recourse? Can the financial institution sell the inventory to another hemp processor?

Loan to New Entity-Short Term Line of Credit

07/14/2019

We are trying to make a loan to a new entity and provide a short term line of credit to help fund the costs of there first contract as a company. We are wanting to take an assignment of the contract and have their customer issue joint checks for their payouts. I have been unable to find any document that works on our compliance software. Any ideas of how I would perfect this transaction?

Referral Fee for Construction Loan from Business

07/07/2019

We received a referral for a commercial construction loan from a small business that specializes in providing information to those who are building homes. The construction loan does not meet any of the triggers for RESPA coverage. The referring source is requesting a 1% referral fee. The bank would pass this fee onto the borrower. My questions are: (1) Are there any regulatory or legal prohibitions on the bank paying this fee and passing it onto the borrower, and (2) if the fee is permissible, how should it be listed on the loan documentation?

Intent to Proceed on Commercial Purpose Loans?

06/09/2019

Are we required to have an intent to proceed on commercial purpose loans?

Notice to Commercial Real Estate Purchasers"

02/17/2019

What, if any, is the regulatory cite requiring the lender to provide the borrower a "Notice to Commercial Real Estate Purchasers?" It is related to CERCLA.

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Action Training: Updated Real Estate Valuation Thresholds

By Patti Joyner Blenden

RESPA: How to Violate Section 8

It doesn't matter how strong you think your compliance program is. Someone in the organization may be busy figuring out a way to violate RESPA's Section 8.

HMDA- Include Savings Account When Reporting?

12/08/2019

I have a loan secured by a dwelling and a savings account. According to the HMDA commentary, I include the savings account when computing the CLTV. Okay, that's clear enough. My question is, do I include the savings account in reporting property value? Do I only include real property?

Latest Lending - Commercial Lending Topics

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