Most Popular Lending Content
RESPA Revision
12/15/2003
I have been looking for the resolution to the proposed rule on changes to RESPA regarding settlement costs as discussed in the July 2002 Federal Register. Comments were due by 10/28/02. HUD's website still indicates that they are proposals. Are there any links in BankersOnline that can provide an update?Thank you for your assistance.
Debiting a Military Customer's Account
12/15/2003
Can a financial institution debt an active military customer's account for loan payments without their permission?
Disclosure to Cosigners
12/15/2003
Parents cosign for a purchase money mortgage for their son and pledge their residence as additional collateral. Is a separate cosigner's disclosure required? If so, under what regulation?
Demand Feature for Executive Officers
12/15/2003
All of our loans currently have a demand feature included in the note. Is there an additional disclosure for executive officers when preparing a note?
Where Should a Newbie Compliance Officer Start?
12/01/2003
I have just been nominated compliance officer of a thrift at which I am a new employee (this is my 3rd week). I have 15 years previous banking experience in almost every department but never in compliance. Where should I start?