Most Popular Lending Content
Do Not Confuse Income and Revenue
02/23/2004
If an individual or sole proprietorship obtains a business loan and has no gross annual revenue on the business venture, should the income from the owner's employment at another entity be reported for the revenue amount if it is what was used in making the credit decision?
Lien Release Timeline
02/23/2004
How many days do we have to release collateral on consumer loans (i.e. vehicle titles - deed of trust)?
Where can I find a listing of the new 5 digit Metropolitan Statistical Area/Metropolitan Division Area Codes? Should I be using the new codes now?
02/23/2004
Where can I find a listing of the new 5 digit Metropolitan Statistical Area/Metropolitan Division Area Codes? Should I be using the new codes now?
ECOA Notice Requirement
02/23/2004
Do we need to give an Equal Credit Opportunity Act Notice to the borrower for an unsecured personal loan application?
Making Loans to Illegal Aliens
02/23/2004
I ask this with no small amount of trepidation, but I must know, is there a law or reg which specifically addresses making loans to illegal aliens? Not one person I've spoken with can answer the question. I've always assumed it wasn't possible.