Most Popular Lending Content
Perfecting A Security Interest In A Life Insurance Policy
07/07/2003
What are the requirements to perfect a security interest in a life insurance policy? We are going to get an Assignment/Acknowledgment from the insurance company, but do we need to file a UCC-1 on the policy itself?
Disclosure Requirements For Auto Debit Reduced Rate Loans
07/07/2003
If we offer a program of a reduced-rate loan if customer puts the loan payments on auto debit out of a checking or a savings account, what kind of disclosures would we need to give and is there a form available?
Preparing For A State Examiner's Insurance Audit
07/07/2003
How can I make sure I'm prepared to pass a state examiners' audit of my insurance department?
Rescission: Must a financial institution refund "non-refundable" fees?
07/07/2003
If, when doing a mortgage refinance, the bank has collected fees for appraisal, credit, flood, and rate lock, and indicated that these fees are non-refundable, but the borrower rescinds--do the fees have to be refunded, if the costs were actually incurred on the borrower's behalf?
Minors & Adverse Credit Information
07/07/2003
We have a question regarding disclosing contents of a credit report. A 15 year old opens a checking account. The bank pulls a credit report which contains some adverse information. The credit file was not inspected. Can the information be disclosed to the child's parent or legal guardian so that they can get the problem corrected? We have not been able to find anything that addresses minors, can you point me in the right direction.