Most Popular Lending Content
Re-perfecting a UCC Lien
03/26/2023
When a UCC is terminated, then the following year it is continued, then continued a second time, is that a valid perfection?
Loan policy exception
03/26/2023
What is a loan policy exception?
Treasury reclamations on decedents’ accounts
03/26/2023
If the money is not available in the deceased customer’s account and no estate account exists with the bank, is the bank still liable for reclamations from Treasury?
Notice at Closing of Required Insurance
03/26/2023
Is it required to have a separate "Agreement to Provide Insurance" form signed for non-real estate secured loans? We are in Tennessee and currently have a section in the Security Agreement that prints with the Note which states the borrower agrees to keep the property insured and if they fail to provide insurance, then the bank may place insurance on the property (Creditor-Placed Insurance Notice) and pass that cost to the borrower.
Unpaid Board Members and Reg O
03/19/2023
We have a board member who sits on the board of a condominium association, but does not receive any compensation to do so by the association. Would making a loan to the condominium association be considered a conflict of interest/Reg O violation? We are thinking not since they are serving on the condo association as a resident (condo owner) in the complex.
