Most Popular Lending Content
TIL Disclosure Tolerance For Errors?
08/04/2003
On the TruthInLending Disclosure that is signed at closing on a mortgage, is there a tolerance amount that is acceptable in case of any computing errors? If any errors are found, should a new TIL be signed?
Retention Requirements For Email and Network Files
08/04/2003
I am seeking guidance regarding tape backup record retention. How long should we retain the backups made and stored off site of email and network files?
Placing Floor Rate On Existing HELOCs
08/04/2003
With interest rates continuing to decline, is it permissible to give a 30 day notice to current HELOC customers and place a floor rate?
Offering Loan Products In Spanish
08/04/2003
Our bank is considering offering loan products in Spanish. Are there any particular compliance issues that would apply?
Construction Loans & ROR
08/04/2003
I am dong a construction loan for a consumer to payoff the lot and purchase and set up a mobile home. The property is 6.0 acres out of a 15 acres tract. They are currently living on the property in a travel trailer and receive mail at the collateral address Does Right of Rescission apply to this transaction?