Most Popular Lending Content
Separate Notice of Appraisal
05/03/2004
Is it true that effective April 15, 2004, we should provide a separate notice of right to receive a copy of the appraisal? Currently, this notice is on the back of the Good Faith Estimate. Should we be giving separate notices since not every loan will have a GFE?
Does PMI require a Rescission
05/03/2004
When you renew a loan with now new funds, but there is PMI, is a rescission notice required?
Balancing Fees Between TIL and HUD-1 Discl.
05/03/2004
If no fees were disclosed on the TIL but were on the HUD, does restitution have to be made on fees that were not disclosed on prepaids within .25% tolerance?
Delivery of the Adverse Action Notice
05/03/2004
I have read recently that adverse action notices have to be postmarked the day that the notice was printed; however, I cannot find this in the Reg anywhere. Can you help me locate this specific topic, so that I can inform our employees?
Reg. Z Disclosures Exemption
05/03/2004
Is a Truth-in-Lending disclosure required for a 2nd mortgage on a 2nd home?