Most Popular Lending Content
Exception to LTV Ratio
02/02/2004
Is there a compliance issue if you make an exception to your fixedrate home equity policy in order to extend the loan to value ratio from 80% 95% for one customer?
Timing on HOEPA Disclosures
02/02/2004
When disclosing a HOEPA loan we are required to provide borrower with HOEPA disclosures 3 days prior to closing the loan. If the loan has a 3 day right of recission, are we in compliance by disclosing at the time the loan is closed if funding of loan is not until 3 days?
Preemption and Predatory Lending
02/01/2004
The OCC has issued a final rule to preempt state laws that have the effect of limiting the powers of national banks.
Another BSA Enforcement by FRB
02/01/2004
The FRB, together with the Ohio Division of Financial Institutions, has reached a written agreement with the Custar State Bank to resolve deficiencies in compliance with BSA and lending practices.
Payoff-Related Fees
01/19/2004
What fees are we allowed to charge for a payoff? We currently charge a fax fee and a fee to record the cancellation. Can we increase the recording fee to cover our cost of preparing the cancellation? Are we allowed to recover our payoff processing costs by charging payoff fees?