Most Popular Lending Content
Lending guidelines, auto loans, and dealers
10/01/2003
Question: We make auto loans through a car dealer. Usually we follow strict pricing guidelines.
Signing One Form for All Disclosures
09/29/2003
For the upfront lending disclosures (e.g., Servicing Transfer Disclosure, ARM disclosures, etc.) for which the Bank is required to keep a customersigned acknowledgement of receipt, can the Bank substitute a "Disclosure Acknowledgement" form which the customer signs acknowledging receipt of all the disclosures? Or do the regulations require that the disclosures be individually signed?
TIL Disclosures for Loans to Trust
09/15/2003
Is the grantor of a trust required to be given the Truth in Lending disclosures when a loan is made to a trust?
Is a W9 required for a commercial loan?
09/15/2003
Is a W9 required for a commercial loan? Some banks require it, others do not.
TIL Disclosure: Required Deposit & Demand Feature
09/15/2003
On a mortgage TruthInLending disclosure, there are two boxes to check that i am not sure about. One is the "REQUIRED DEPOSIT: The APR does not take into account your required deposit." The other box is "DEMAND FEATURE: This loan has a demand feature." Does the "required deposit" refer to the items deposited with the lenderthe escrow account. or does it refer to the downpayment on a purchase transaction? Does the "demand feature" refer to a balloon loan?