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?
How is interest estimated for a multiple advance construction loan?
When reporting the rate spread for HMDA on a construction-permanent loan, should the rate spread for the construction phase be reported or the permanent phase, which will take place a year later?
What are the rules when doing a loan modification on real estate? This loan is secured by 36 acres of vacant land if that matters.
Who should technically be doing a loan closing?