Most Popular Lending Content
Regulatory Disclosure for Refi Commercial Mortgage
08/04/2019
What regulatory disclosure is required for refinancing a commercial mortgage loan?
Limits on collection calls?
08/04/2019
What is the number of calls we can make to a debtor weekly?
Lending to Start-up Business for Processing Hemp
07/28/2019
What should be a financial institution's main considerations/conditions for lending to a start-up business for processing hemp? How does an institution perfect a security interest in the raw material/and or crude? If the institution has to take possession for some reason, what would be the recourse? Can the financial institution sell the inventory to another hemp processor?
Including Taxes/Insurance as Expenses for HELOC
07/28/2019
We know that HELOCs are exempt from 12 CFR 1026.43. Our borrower is applying for a HELOC. He has four residential properties which he owns and is paying the taxes and insurance on these. None of these are his primary residence nor are they investment properties. The taxes and insurance are not on the borrower’s filed tax return . Do we need to include the taxes and insurance for these other non-primary residence real estate properties as expenses when qualifying the borrower for a HELOC?
Does a Flood Notice have to be Signed?
07/28/2019
Does a flood notice have to be signed?
