Most Popular Lending Content
Applying the new HMDA rules
06/01/2003
Question: I have heard lots of conflicting information about the HMDA rules that take effect in 2004.
Laws and Regulations - What's the Difference?
06/01/2003
The current brouhaha over the RESPA servicing transfer notice brings to the front burner a common question: what is the difference between a law and a regulation. The corollary is: why do we care?
Adverse Action Notices - Time for a Refresher
05/22/2003
Adverse Action Notices -
Time for a Refresher
Signature Required For Guarantor's Credit Report?
05/19/2003
When making a business loan, we often require an individual to guarantee the obligation. Under the Fair Credit Reporting Act there seems to be no question this is a "permissible" purpose to allow us to obtain a credit report on the guarantor. Does the FCRA require we obtain the guarantor's signature acknowledging that a credit report will be obtained? If so, can you direct me to the specific language.
Can a commercial loan be made to a borrower if the proceeds are to be used for investing in an annuity?
05/19/2003
Can a commercial loan be made to a borrower if the proceeds are to be used for investing in an annuity? Can the bank obtain an assignment of that annuity? If yes, would this be considered a "purpose loan secured by margin stock" under Reg U?