Most Popular Lending Content
When a Servicemember Asks for More than SCRA Relief
10/15/2023
A soldier wants us to reduce the loan rate and allow three deferred payments to bring the account current. Are we required to do this?
Who gets the Adverse Action
10/15/2023
Our bank recently added an Equipment Finance division and I am wondering if an Adverse Action Notice needs to be sent either to the vendor or the business working with the vendor applying for credit?
CRA Credit for a Donation
10/15/2023
I'm somewhat new to identifying CRA qualifying donations and am looking for opinions on whether I should or could try to include a contracted annual donation to our County Economic Development Group. This CEDG is a non-profit and their mission statement lines up with the Revitalize and Stabilize category. Our marketing director indicated that the funds are considered a sponsorship and doesn't think it would count. We do get an acknowledgement on their website as being a sponsor so to that affect I'm assuming she is viewing it more as advertising for her reasoning to not include it. Our name being included on the website is in acknowledgement of our level of donation and the funds are a general investment into the organization. It is not a specific advertising expense. We have included one off donations to this group throughout the years but apparently have never considered adding this sponsorship donation to the list of qualified donations. Would it qualify as described or could it qualify if we had any stipulations as to funds use?
Benefits of consolidated imaging and tracking
10/15/2023
Why consolidate imaging and tracking into one system for commercial loans?
Is there a standard modification agreement?
10/08/2023
Could you provide a copy of a standard Modification Agreement? We want to extend a Construction loan for another six months.