Most Popular Lending Content
No Demand Or Discount - No Disclosure
01/15/2001
I am reviewing an Adjustable Rate Mortgage initial disclosure and I do not find a statement that the interest rate will be discounted or a statement that the loan contains a demand feature (the Note does contain a demand feature). I am wondering if both of these disclosures are required on every initial ARM disclosure or only loans that have an interest rate discount and a demand feature.
Featured BOL Guru Question: Capacity to Contract
01/02/2001
Where would I find the statute stating the legal age to be able in enter into a binding contract (loan)? Also, if you made a loan to a 17 year old and his father as a co-signer, would the fact the son isunderage prevent you from collecting from the father on the loan if it should go into default?
COMPLIANCE CALENDAR
01/01/2001
JANUARY, 2001
Preferred Online Lending Provider
01/01/2001
"The Internet presents tremendous opportunities for community banks to capture loans, improve customer service and streamline internal lending processes.
What Happens When You Link A Lending System To A Decision Engine?
01/01/2001
MADISON, WI / AUSTIN, TX - The CUNA Mutual Group and FIData announced an alliance that is designed to significantly reduce lending costs for credit unions while enabling them to serve members faste
