Most Popular Lending Content
Can we charge a late fee on a farm loan secured by real estate?
02/02/2003
Can we charge a late fee on a farm loan secured by real estate?
New Loan Policies & Adverse Action Notices
02/02/2003
We have a customer with a current loan who called and requested a loan for $500.00. The officer ran a credit report and denied the loan on reasons resulting from the credit report. However, the same reasons were there a year ago when we made her a loan. Our loan policies have changed, and as a result, she no longer qualifies. Do we send her a denial using those reasons even though we make the loan before?
Flood Determination & Balloon Mortgages
02/02/2003
If one obtains a flood determination at the origination of a real estate mortgage that has a balloon feature, is it necessary to order another flood determination at each time of renewal?
Disclosures: Using A HELOC To Pay Off First Mortgage
02/02/2003
If a customer is paying off a first mortgage with a new home equity line of credit, do we need to disclose the first mortgage payoff in any disclosures?
Using 1990 census data for the 2002 fair lending self assessment
02/01/2003
Question: When doing our fair lending self assessment for 2002, should we use census data from 1990 or 2000?