Most Popular Lending Content
Fair and Accurate Credit Transactions Act (2 page chart)
12/01/2004
The FACT Act has been the compliance challenge of 2004 – along with a few other things such as Bank Secrecy, fair lending, and information security.
Credit History Notices
12/01/2004
Question: This new notice about credit histories, where and when do we have to give the notice?
What Makes CRA So Difficult?
12/01/2004
At its core, CRA is a simple concept. It simply says that financial institutions should make loans and investments and provide services in their service area.
Policy Reviews
12/01/2004
Question: Every year we load up our board meeting with policy reviews. And every year, we get complaints from the board and management about how time- consuming this process is.
If There is no Recorded Lien, is it a Refinance
11/29/2004
We have a contract payoff that we are currently processing as a refinance. There is no contract or deed recorded. Is this technically a purchase transaction? If not, does Rescission apply?