Most Popular Lending Content
Usurious Loan with CD Collateral
05/03/2004
Is it usurious to use the proceeds of a loan, deposit it to a Certificate of Deposit, then use that Certificate of Deposit as collateral for the loan?
Annual Financial Statements
05/03/2004
How do you get commercial loans to submit a financial statement each year? Is there legal recourse?
Separate Notice of Appraisal
05/03/2004
Is it true that effective April 15, 2004, we should provide a separate notice of right to receive a copy of the appraisal? Currently, this notice is on the back of the Good Faith Estimate. Should we be giving separate notices since not every loan will have a GFE?
Does PMI require a Rescission
05/03/2004
When you renew a loan with now new funds, but there is PMI, is a rescission notice required?
Balancing Fees Between TIL and HUD-1 Discl.
05/03/2004
If no fees were disclosed on the TIL but were on the HUD, does restitution have to be made on fees that were not disclosed on prepaids within .25% tolerance?