Most Popular Lending Content
Home Equity Loan-Close at Home if Bedridden?
06/16/2019
On a home equity loans made in Texas, the law requires that they must close at an attorney's office, Title Co or the bank. If customer is bedridden can it close at their home?
Lender Chooses to not Read HMDA Telephone Script
06/16/2019
What happens if a lender chooses not to read the HMDA Telephone Script when required to an applicant?
RCBAP Master Policy Acceptable Form of Insurance?
06/16/2019
Is an RCBAP master policy an acceptable form of insurance for a property that is legally a planned unit development (P.U.D.) and not a condo? FEMA guidelines seem to indicate RCBAP's can only be written on condos but we are seeing insurance agents issue these on P.U.D. properties with the insured name being the HOA.
2 Separate Security Agreements-1 for Each State?
06/16/2019
If we have a customer that has their business registered with the Delaware SOS however they live in ND, do we need to produce two separate security agreements, one for each state? I noticed this changes in the governing law section of LaserPro documents.
Maturity Date on HELOC-Regulated Maximum Maturity?
06/09/2019
In Indiana, I know that if a maturity date is not listed on the filed mortgage that the maximum term is 20 years. But if a maturity date is stated on a HELOC, is there a state/federal/regulated maximum maturity and what is it? Obviously, you have to look at the draw period and calculate a projected repayment, but can the maturity date be the actual date of repayment or would it have to balloon so as to keep with the state or federal regulation of maximum maturity date?
