Most Popular Lending Content
HELOC Disclosures
11/01/2004
We are an FDIC regulated bank and are considering starting to offer HELOCs. What are the required disclosures and are there good "cheat sheets" you could recommend? I am fairly new to compliance and would appreciate some help in understanding this product.
Loan and Deposit CIP Procedures
11/01/2004
Question: Is there a difference between CIP programs for loan customers and for deposit customers?
Rescission Days
11/01/2004
If a loan is closed on Thursday before close of business and Saturday is considered a business day for the purposes of the rescission rules, when would the required three-business-day rescission period expire?
Customer Identification Documents
11/01/2004
Question: What copies can or should we make of documents that were used to identify customers?
Temporary Financing Under Reg. C
11/01/2004
HMDA reporting allows an exception for "Temporary Financing". I am looking for a good definition of "Temporary Financing" as used in Reg. C. My lending officers need something in black and white; is it 90 days, one year, two years or the source of repayment?