Are we required to disclose on a consumer payment deferral agreement that deferring a payment will lead to paying additional interest over the life of the loan and a larger final payment?
What is a private flood insurance policy?
If we have a rate sheet that we give to real estate agents and our loan originators, but we know the true use will be for them to hand it to consumers or post it where consumers can readily access it, wouldn't we need to have the APR on it?
I have a client (a lender) who orders their credit reports from "XYZ Data" and when a loan is declined, they list Equifax on their Adverse Action Notice (with appropriate address and phone number) and they have now been told that because "XYZ Data" is considered a reseller of credit under the FCRA 603(u) that they should also list XYZ Data (along with its name and telephone number) on the Adverse Action Notice. Is this true?
Can a lender purposely not get one of the six TRID items to avoid getting an application in order to delay the loan estimate delivery date?