Most Popular Lending Content
Open-ended Credit Disclosures & HMDA Reporting
08/12/2002
For a consumer-purpose, revolving line of credit, are we still required to disclose the same information normally found in the fed box on regular notes - APR, Amt Financed, etc? If we have a non-consumer that is getting a loan to purchase or build a single family residence for resale, do we include them on our HMDA report?
Funding The Loan While It's Rescindable
08/12/2002
We have a consumer loan in which we funded one day prior to the end of the 3-day right of recission period being up. Are we now liable for anything?
Are construction loan inspection fees (performed by an outside firm) included in the APR calculation?
08/12/2002
Are inspection fees (for construction loans) included in the APR calculation if the bank is using an outside firm to do the inspections? I know that if the inspections are done in-house than they are included, but what about if some other firm is doing them?
Commercial Loans Personally Guaranteed: Personal or Commercial?
08/05/2002
Business loans personally guaranteed should be categorized as what type of loan? Personal or commercial?
Does right of rescission apply to a residential renter purchase?
08/05/2002
If a consumer lives in a property (renting) that we are making a loan for the same consumer to purchase the property they are living in, are there rescissions?