Vendor Guru Q&A - Lending

Latest Lending - Commercial Lending Topics

Data for Lenders Working Remotely

04/26/2020

What data is needed by commercial lenders who are working remotely?

Commercial "Life of Loan" Software

03/15/2020

What basic features should a commercial life of loan software offer?

List of Initial/Final Disclosures for 12 Month

02/09/2020

Where could I find a list of required initial and final loan disclosures for closed-end, 12-month construction loans?

Mortgage Loan w/Agriculture Purpose-TRID/Escrow?

12/29/2019

Will a mortgage loan containing a primary residence and 78.45 acres used primarily for agriculture purpose be exempt from TRID and escrow?

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?

Premium Content View All

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.

Use of the old four-page uniform application with the demographic information addendum

07/12/2020

Can we continue to use the old four-page uniform application with the demographic information addendum or must we convert to the new nine-page form?

Time Limit to Correct Error on HELOC?

07/12/2020

We have a customer who has a home equity loan. We found that about $8,000 in draws which were not posted to his account from a year ago. His loan is now almost maxed out. Is it too late to charge his account? Is there a time limit to correct our error?

Use of the Lender Information form

07/05/2020

Are we required to use the Lender Information Form?

Credit Card Promotion-Waive Annual Fee

07/05/2020

The bank is considering a credit card promotion for a period of 90 days that will waive the annual fee for the life of the credit card. A customer must apply for the credit card during this time frame to be eligible. It will not be advertised externally. Must the credit card application be altered or can we leave the annual fee on the app in case other customers take the application with them? What other compliance requirements exist for this type of promotion?

How to Report Purchase of 6 Properties on 1 Loan

07/05/2020

How do I report the purchase of 6 properties on one mortgage loan with a combination of 9 leased apartments plus 28 bedrooms with shared bathrooms that are rented weekly or monthly?

Latest Lending - Commercial Lending Topics

Pages

Pages

Pages

hot right now