Most Popular Lending Content
Predatory Lending Practices Result in Large Settlement
03/21/2002
The Federal Trade Commission, in a press conference March 21, 2001, announced the details of a settlement entered into with First Alliance Mortgage Co.
COMMERCIAL LENDING 101 - Part I
03/18/2002
Commercial Lending 101 - Part 1
by Bob G. Hayes
Reg O: Annual Board Approval For Executive Lines Of Credit?
03/11/2002
I am looking for some help interpreting the need for Board approval of executive officer's lines of credit under Regulation O. Must the lines of credit be approved by the Board annually?
Requiring Credit Life Insurance
03/11/2002
We have always required borrowers of unsecured credit to purchase credit life insurance from a company we have always done business with. While reading some information on "Consumer Protections for Depository Institution Sales of Insurance" I ran across some information that suggested we can not "require" a borrower to purchase credit life insurance. Is this true? Also, customers request credit life insurance on other types of loans, do we still have to give the insurance disclosures on these types of loans? Can these disclosures be added to the bottom of a loan application?
RESPA: How do you provide full disclosure of third party fees when the amount is unknown?
03/11/2002
For consumer construction loans that are RESPA related, how do we complete the HUD 1 regarding full disclosure of third party fees, for example inspectors, if we close prior to knowing who will be performing the inspections?