We have made a loan to a builder to construct a spec home. Does ECOA apply? The same builder also has a contract build; does ECOA apply to that? We structured both of these as interim construction because both will be refinanced once the homes are complete. Neither will be our borrowers as these are investment properties.
I am looking to find what aspects of Reg B are applicable to small business lending. I am creating a line by line assessment and am curious if something like this exists.
Why should we consider scanning documents before closing a commercial loan?
Which exception management features should we look for when evaluating software?
What data is needed by commercial lenders who are working remotely?
What basic features should a commercial life of loan software offer?
Where could I find a list of required initial and final loan disclosures for closed-end, 12-month construction loans?
Will a mortgage loan containing a primary residence and 78.45 acres used primarily for agriculture purpose be exempt from TRID and escrow?
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.
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