Most Popular Lending Content
Exceptions to Rewriting, Extending, or Re-Aging Consumer Loans
02/17/2003
Consumer loans cannot be re-aged, extended, or rewritten more than 2 times over 60 months. How can a bank dealing with this issue if a loan has had 2 extensions in the last 60 months and the borrower experiences difficulties such as medical emergencies, job changes, etc.?
Is Martin Luther King's birthday considered a business day for right of rescission purposes?
02/17/2003
Is Martin Luther King's birthday considered a business day for right of rescission purposes?
Taking Deductions From Accounts Receiving Social Security Payments
02/17/2003
Customer has a checking account with Direct Deposit of monthly Social Security and has requested our $500 overdraft protection product.Can the minimum monthly payment be automatically deducted from the checking account even though it contains Social Security deposits?
Now that the National Flood Insurance Program has been reauthorized, what do we need to do?
02/17/2003
Now that the National Flood Insurance Program has been reauthorized, what do we need to do?
Does a mobile home (not owned by the customer) require flood insurance or notification?
02/17/2003
If we finance the purchase of land for a customer and there is a mobile home on the land not owned buy the customer is Flood Insurance or Notice required? A relative of the customer lives in the mobile home but pays no rent to live on the land.