Most Popular Lending Content
HMDA Ag Exemptions
11/19/2023
Our borrower inherited half of her father's farm. We made a loan for her to buy her sister's half. The loan is secured by the farm. Our customer is going to rent out the land and the home. She won't be farming it herself but will be receiving rental income from it. Does this qualify for the agricultural exemption for HMDA?
Discover how changes to HMDA reporting thresholds impact your institution
11/19/2023
I heard the CFPB is changing the HMDA reporting thresholds for smaller FIs. How does that impact me?
Credit exceptions
11/12/2023
What is a credit exception?
Reasons for monitoring credit exceptions
11/12/2023
Why do financial institutions monitor credit exceptions?
MLA - Open-end and ODP Coverage
11/12/2023
The Military Lending Act does not specify if the Act applies to an open-ended Overdraft Protection line that is tied to a checking account or a closed-ended loan secured by the applicants’ deposit accounts such as a savings and/or certificate of deposit. Does the Rule apply to both consumer credit types?