Most Popular Lending Content
Proper Reporting of Permanent Mortgages
10/22/2023
We do a lot of construction loans. Thee are one year, temporary financing loans. Our permanent financing of these mortgages have been treated as purchases for years. We converted to a new LOS and it is giving us compliance alerts for the same practices. Should these be refinances for HMDA purposes and should they have a rescission period?
Document management’s impact on commercial lending relationships
10/22/2023
How can a financial institution’s document management practices impact commercial lending relationships?
Eligibility for SCRA rate cap
10/22/2023
A soldier’s mother called to tell us her son joined the Army. Do we have to reduce the loan rate that day?
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?