Most Popular Lending Content
Fees in Finance Charge
01/17/2005
Is flood cert included in the APR calculation?
Font Size Specifics
01/17/2005
What are the exact font size requirements for a Schumer Box?
Lending More for Debt Servicing
01/17/2005
We have been asked by the local Knights of Columbus to finance the rehabilitation of their building. The Knights are a break-even operation and cash flow is minimal. Can we make a $150,000 loan and provide them $100,000 for the rehab and escrow the remaining $50,000 for servicing the debt repayment without receiving criticism from regulators and having the loan listed as substandard?
SCRA and Loan to Estate
01/17/2005
Regarding the Servicemembers Civil Relief Act: We received a request from a serviceman asking for the SCRA benefit on a loan; however, the loan is in the ESTATE of (I think) his father. I don't know if he is the executor or not. Would this person be eligible for the SCRA benefit if he is the executor? What if he assumes the debt?
When Are Early Disclosures Required?
01/17/2005
If a borrower makes a "face-to-face" application, do the early/predisclosure forms have to be given to them on that day, or do we have three days to mail them out to the customer?