Most Popular Lending Content
Fed To Change Discount Lending
07/01/2002
The Federal Reserve Board is proposing to change the way it lends money to banks, making it easier for banks to get a loan from them.
Personal Property in a Repossessed Vehicle
07/01/2002
Once a vehicle securing a delinquent loan is repossessed, how long legally do the personal contents have to be held before they can be disposed? Our repossession letter allows the customer ninety days to pay off the loan before it is sold. However, the letter does not mention personal contents.
RESPA: HUD Mobilizes RESPA Ideas
07/01/2002
HUD wants to simplify the real estate settlement process for consumers, augment the ability of consumers to shop for settlement services, and improve disclosures required by RESPA.
Overstated Finance Charge
07/01/2002
We have reviewed several TILs dating back 6 months to a year for construction loans that had a six month construction period. The TIL was for the construction period only. In almost every case, the APR disclosed was accurate, and the Finance Charge was overstated substantially. My question relates to the overstatement of the finance charge. Is the overstatement of the finance charge a violation of Reg Z?
CAC: The Consumer Outlook
07/01/2002
The Consumer Advisory Council ("CAC") met for the second time this year and discussed the hottest topics of interest to consumers: privacy notices and CRA.
Privacy