Most Popular Lending Content
Requirements when Lending to a Non-US Citizen
09/15/2019
Are there any specific requirements or restrictions when it comes to lending to a non-US Citizen?
Loan Docs Returned After the Note Date
09/15/2019
A question has come up after we prepared a Note for a commercial loan. It was dated July 15,, but the customer did not return these documents until July 22. We funded this loan and effective dated our loan to the 15th to match the Note. Now management is saying we should not have effective dated the loan, only the date we actually funded it. Can we do this, not just for commercial but also residential loans? What is the correct way to handle loan docs returned after the Note date?
Escrows, more than dirt
09/15/2019
While auditing a mobile home loan I saw escrow statements. Isn’t this unnecessary since RESPA doesn’t apply when we don’t have real estate as our loan collateral?
Costly flood insurance violations
09/15/2019
Can a flood civil money penalty cost six figures or more?
Minimum Age to be a Member of LLC
09/15/2019
What is the minimum age a person can be to be a member of an LLC and if it is less that 18, does it impact that persons ability to borrow on behalf of the LLC?
