Most Popular Lending Content
Combined Fees on a Mortgage Loan
09/20/2004
Can a bank combine fees to others, such as for title policies and appraisals, into one bank fee and show the breakout as POC items on the HUD settlement statement?
Educational Requirements for Compliance Officer
09/09/2004
Would you say a bachelor's degree would be a minimum requirement for one seeking a position as a compliance officer?
Permissible Purpose to Access Credit Reports
09/06/2004
Under the "permissible purposes" rule in the FCRA, if a customer applies for joint credit but only one applicant is present to sign the application authorizing us to obtain a credit report, do we have a "permissible purpose" to obtain a credit report on the absent applicant? Do we need the absent applicant's signature before obtaining the credit report? Is the same thing true for deposit accounts when checking with ChexSystems? I have not been able to find anything indicating the customer is required to sign giving permission to obtain the credit report.
Permissible Purpose to Access Credit Reports
09/06/2004
Under the "permissible purposes" rule in the FCRA, if a customer applies for joint credit but only one applicant is present to sign the application authorizing us to obtain a credit report, do we have a "permissible purpose" to obtain a credit report on the absent applicant? Do we need the absent applicant's signature before obtaining the credit report? Is the same thing true for deposit accounts when checking with ChexSystems? I have not been able to find anything indicating the customer is required to sign giving permission to obtain the credit report.
GMI Regardless of Lien Position
09/06/2004
Do we collect government monitoring information on a home equity loan, regardless of lien position?