Most Popular Lending Content
When to Disclose a Right to Appraisal Notice
08/02/2004
I believe that the practice of providing the "Right to receive a copy of Appraisal" at closing is acceptable and represents the "notice of action" in an approved loan. Others feel that we should provide a separate mailing sometime between the application date and closing date when the decision to approve the loan is made. I think this is more cumbersome than it needs to be. What do you think?
Crop Liens Should be Filed Where?
08/02/2004
To perfect a lien on crops, where should we file? Several seminars have said to file at the state; however, our bank does not feel comfortable not filing a lien at the county level.
Preparing for the FACT Act: A To-Do List (Activity List)
08/01/2004
During the next six to ten months, the FACT Act provisions will continue to take effect.
Short Term Loan
08/01/2004
Question: If we are making a temporary loan, such as a bridge loan, is it subject to rescission?
Conflicting Rules
08/01/2004
Question: When one office of a regulator says one thing and another office in the same regulator says something that conflicts, what do we do?