Most Popular Lending Content
TIL Disclosure Font Size
01/07/2002
Do you know anything about the font size changing on Truth in Lending disclosures effective October 1st?
Date Finance Charge Begins
01/07/2002
We're having a difference of opinion at the office! When a loan has Right of Rescission, is the Date Finance Charge Begins the funding date (after Rescission) or the note date? In other words, if the customer does not rescind, can you charge interest from the date of the note or the date you disburse?
ARM Loan Disclosures
01/07/2002
On an ARM loan, what information needs to be shown in the APR area of the Truth In Lending disclosure? Can you just put the adjustable rate information or do you need to state an APR based on the initial rate?
Credit Life at Renewal
01/07/2002
Can you issue credit life and/or disability when renewing or doing a change in terms on an existing closed end consumer loan?
TIL Disclosure on Financings of Repos
01/07/2002
Is a Lender required to disclose the Total Sale Price (5th box) on the TIL for consumer real estate loans in which they are purchasing a foreclosed property and will be using the property as collateral to secure the loan?