Skip to content
 

Latest Lending - Commercial Lending Topics

TIL Disclosure: Required Deposit & Demand Feature

09/15/2003

On a mortgage TruthInLending disclosure, there are two boxes to check that i am not sure about. One is the "REQUIRED DEPOSIT: The APR does not take into account your required deposit." The other box is "DEMAND FEATURE: This loan has a demand feature." Does the "required deposit" refer to the items deposited with the lenderthe escrow account. or does it refer to the downpayment on a purchase transaction? Does the "demand feature" refer to a balloon loan?

CRA: Continuous Evolution

01/01/2000

If there is any area where we would like change to stop or at least slow down, it is CRA.

Commercial Lending And Consumer Compliance

10/01/1997

Remember the days when we all called it "consumer compliance"? There was the Consumer Credit Protection Act and all those stories about consumers who needed help.

Tools, Tools, Tools

12/01/1996

If compliance specialists got a nickel for each time they answered a question on what loans are covered by which regulations or rules, we'd all be in a higher tax bracket.

Pages

Premium Content View All

Regulation B: When Spousal Signatures Are Legal

Regulation B is clear in prohibiting lenders from acquiring the signature of the applicant's spouse. Generally, spousal signatures are no longer a problem in consumer credit.

Compliance & Commercial Lending

Commercial lenders have a long tradition of operating under the conviction that most compliance regulations don’t apply to them.

Pages

Most Popular Lending Content

Collecting data if now exempt for 2020

05/17/2020

Our financial institution did not originate 100 HMDA reportable closed-end loans in 2019 and therefore is no longer a required reporter for 2020. Can we stop collecting immediately?

MLA Disclosures in a Centralized Environment

05/17/2020

Our consumer lending is centralized in a lending unit and not done by our branch staff. The branch will not have access to the credit report to know if the borrower is covered under MLA. Does this mean that we will have to provide verbal disclosure to all applicants in case they are covered borrowers? If so, is there model language available that we can provide to our branches?”

Pages

Latest Top Stories View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics

Lending Topics

Lending Related