Most Popular Lending Content
Placing Floor Rate On Existing HELOCs
08/04/2003
With interest rates continuing to decline, is it permissible to give a 30 day notice to current HELOC customers and place a floor rate?
Offering Loan Products In Spanish
08/04/2003
Our bank is considering offering loan products in Spanish. Are there any particular compliance issues that would apply?
Construction Loans & ROR
08/04/2003
I am dong a construction loan for a consumer to payoff the lot and purchase and set up a mobile home. The property is 6.0 acres out of a 15 acres tract. They are currently living on the property in a travel trailer and receive mail at the collateral address Does Right of Rescission apply to this transaction?
1098 Reporting & Motor Home Loan
08/04/2003
I need some information pertaining to 1098 reporting. Can a large motor home loan be coded for a 1098 as a second home?
Reg Z & Construction Loans To Family Members -- Bankers Systems, Inc.
08/04/2003
Please help us resolve this dispute. The question is if a loan should be considered for consumer or commercial purpose for compliance with Regulation Z. The borrower is an individual acting as a builder for his son-in-law. He has previously built two homes for himself. His income, however, is not made as a builder. He works in an unrelated capacity. He is also not making a profit on the construction loan. I think Regulation Z would apply to this loan. Please help.