Most Popular Lending Content
Timing on HELOC Disclosures
02/09/2004
How soon after a Home Equity Line of Credit Application is received should the note, right of recission, and other disclosures other than the early ones go out?
Rescission Form for HELOCs
02/09/2004
Is there a different recission form for HELOCs? We are now using the same form as with first mortgages.
Wording for Consumer Loan Apps
02/09/2004
Where can I find a copy of the exact information/wording that is to be placed on a consumer loan application that is also used for real estate-secured requests? Using the Internet for research, much of the info seems contradictory.
Is Another ROR Necessary?
02/02/2004
A customer has a revolving line of credit with a mortgage on their home as collateral and a right to rescind was given at closing. The full amount of the loan has been used and partially paid back. If the customer wants another draw will another right to rescind be necessary at that time?
Making Business Principals Liable on Account
02/02/2004
If I open a business checking account for a corporation is there any form that can be signed by the principal holding them personally responsible, as well as the corporation, for any possible losses? Also, if there are no forms, could our bank draft one and use it?