Most Popular Lending Content
Taking Delinquent Loan Payments From A CD
08/18/2003
Can we withdraw 2 payments from a customer's CD if they are delinquent on their loan?
Special Financing for Flood Victims
08/18/2003
This question would pertain to compliance, marketing and lending. Our Bank would like to offer special financing for our flood victims in our area. I need direction, as far as, being compliant.
Is new information required on every application?
08/18/2003
We do not always get a new written application with each request for credit, esp. with our investors. If the required information (income, race and sex) was collected on a previous transaction, can we rely on that information? If so, does it ever expire? I mean I know ones income can fluctuate, but ones race and sex seldom do.
Declined Applications & RESPA Disclosures
08/18/2003
Are RESPA disclosure required within three business days if we decline the application within the three day period and mail the declination letter?
Partnership Name and Filing UCC Documents
08/18/2003
My borrower is a general partnership. They have registered a fictitious name for their partnership. Under UCC article 9 do I record UCC documents under the fictitious name of the business or the individual partner names?