Most Popular Lending Content
Adverse Consequences from Late Adverse Action Notices
09/02/2003
We have just discovered that one of our loan officers has turn down applications on his desk since January 2003, what would be the proper way to handle this, is there any additional information that should be included in the letter since it is past the 30 day period to send out the letter. I think he has around 7 applications, is there anyway not to have a violation from the auditors.
Maximum Late Fee for Delinquent Loans
09/02/2003
I am the internal auditor at our bank and am currently reviewing lending operations. I am seeking to determine if there are any regulations or statutes that limit or prescribe amounts that can be charged borrowers as late fees for delinquent loan payments.
OCC Preempts Georgia Law
09/01/2003
The OCC has published its conclusion that national banks are not subject to the Georgia Fair Lending Act (GFLA"). The GFLA contains strong measures designed to prevent predatory lending.
Home Equity Loans, Property Purchases, and HMDA
08/18/2003
If a customer has a loan with one loan number attached to it but within this loan he is buying and selling homes with the money he borrowed do we have to do a HMDA on each property, or just on the original loan?
What is the definition of "unimpaired capital"?
08/18/2003
What is the definition of "unimpaired capital"?