Most Popular Lending Content
Our EVP just bounced a $1,200 check. What do we do?
03/10/2024
I work in operations, and our Executive Vice President just showed up on the daily NSF report! He has overdrawn his personal checking account by $1,200. What do we do?! Can we pay it or must we return it, and must we charge him our normal fee?
Can we avoid Reg O by making a CD-Secured loan?
03/03/2024
To avoid Reg O conflicts, we are thinking of granting a loan to an executive officer that is secured by a CD at our bank. Does this type of collateral eliminate any Reg O concerns?
Security Agreements and Loan Renewals
03/03/2024
When a renew a loan with collateral should a new Security Agreement be completed as well?
Multiple steps to resolve exceptions
03/03/2024
Why does resolving an exception usually involve multiple steps?
Mobile Homes – Learn what is exempt and what is not exempt from Flood requirements
03/03/2024
We made a loan to a borrower for the purchase of 2 mobile homes located in a mobile home park in Florida. The homes are “strapped down” to meet state/local requirements and have electricity and plumbing. However, we feel the home can be disconnected and moved and would not require us to perform a flood determination. Are we correct?