Most Popular Lending Content
Debiting a Military Customer's Account
12/15/2003
Can a financial institution debt an active military customer's account for loan payments without their permission?
Disclosure to Cosigners
12/15/2003
Parents cosign for a purchase money mortgage for their son and pledge their residence as additional collateral. Is a separate cosigner's disclosure required? If so, under what regulation?
Demand Feature for Executive Officers
12/15/2003
All of our loans currently have a demand feature included in the note. Is there an additional disclosure for executive officers when preparing a note?
Appraisal Fees on Construction Loans
12/15/2003
Is it possible to charge an appraisal fee on a construction loan and the fee not be a finance charge? If I understand correctly, appraisal fees are excluded from the finance charge if the appraisal is done before closing. However, on a construction loan, an appraisal cannot be done before closing.
Dating a Rescindable Loan
12/15/2003
If a bank makes a loan that requires a notice of right of rescission, should the "contract date" on the bank's computer system be the date the contract was completed, or the date when the rescission period ended and the funds were disbursed?