Most Popular Lending Content
Home Equity & Demand Loans
06/04/2001
Is a home equity loan considered a demand loan? Can the bank demand immediate payment at any time if you are current with your payments?
Revised Article 9 Contradictions?
06/04/2001
I have attended various Revised Article 9 Seminars. I also have read Revised Article 9 extensively. Here is myquestion, Section 9-616(c) states how the secured party must present the accounting to the debtor or consumer obligor. This provision states that the secured party's debt is credited first, then add the fees incurred during the process to the amount to calculate the surplus or deficiency. "9-616(c) seems to directly contradict 9-608(a)(1) which states that fees are paid first, then the collecting secured party and finally subordinate secured party (ies) and lienholder(s)." I understand that practically speaking the figures will come out the same. However, I still am confused. Is this in fact a contradiction or am I reading it incorrectly? What do you suggest? Thank you for your help.
NOW Accounts: Requirements For Farm Accounts
06/04/2001
What are the requirements for farm accounts for NOW account eligibility. Can a Husband-wife, brother-brother, etc. have a Partnership NOW account?
Email Retention
06/04/2001
Can you give us some guidance on what our policies should be regarding retention of email, both sent and received? We have some employees who never delete anything, with the result that their email boxes crash occasionally. Lots of emails are just one sentence long and don’t really mean much. How do you decide what to keep and what to delete? Do you recommend printing out emails for retention purposes? Are there programs that allow you to search emails across a network?
Coming Violations
06/01/2001
The violations that have been documented should give clues to likely problem areas for new regulatory issues, such as privacy and predatory lending.