Most Popular Lending Content
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.
New HMDA Sign
02/09/2004
When do we have to change the language on our HMDA notice in the lobbies of our branches to include ethnicity? Logically, the data collected in 2004 is the first to show ethnicity so I would think the notice language is changed to include that in 2005, when that data is available. I have found no source for new posters or even for the language other than your Guru Speaks about HMDA...any help would be appreciated. Thanks!
Industry Standard for Documenting Joint Apps
02/09/2004
Reg B and Intent to Apply for Joint Credit Question. Thank you for the wonderful clarification with the article on Reg B Roundup. Our team and attorneys have discussed at length the best way to establish a person's intent to become jointly liable for a credit obligation at the time of application. This regulation change impacts products differently based on the product process but I’m particularly interested in understanding what other lenders are planning to do to satisfy this change when taking applications over the phone or internet. We are checking with other industry contacts. Do you have any more specific guidance on phone applications for consumer finance (Auto, unsecured)?
What is the definition of a manufactured home?
02/09/2004
What is the definition of a manufactured home?