Most Popular Lending Content
Pulling a Tri-credit Report for Fraud Victim
07/25/2021
We have a customer that is a victim of fraud. The customer called several different credit reporting agencies to get information and received several different answers regarding credit information. The customer wants us to pull a tri-credit report for them. Would this be a permissible purpose to pull the credit report?
Assessment Area Map for CRA Public File
07/25/2021
How does a bank best create an assessment area map and map of their county showing branch locations and census tracts for its CRA public file?
Collateral Address- Real Estate Secured (TRID)
07/18/2021
When populating the collateral address for consumer closed-end, real estate secured loans (TRID), is there an industry best standard for WHERE we obtain this address from? I know that it must always include the zip code, and a location (if an address via US Postal Service is not available), but I'm curious if there is an unspoken standard of what document this is best obtained from, such as the counties property record card, the written evaluation provided to us from a certified appraiser, borrower attested to, etc.
Call Report Code 1A2
07/18/2021
Our bank is currently scrubbing our loans in Call Report Code 1A2 - Other construction loans and all land development and other land loans. The following are questions to decide whether some loans are in the right bucket: - What classifies as farmland vs raw land? - Are loans secured by timber tracts considered farmland? - What call report code do trailer parks belong in? - Are they considered "other" land and belong in 1A2 or can it be classified as a 1E2 since it is an income producing property?
Disclosure Exceptions
07/18/2021
How can a bank track disclosure exceptions?
