Are we allowed to include the Negative Information Disclosure language in the promissory Note form for all applicable loans? We currently provide a separate one page document with just the Negative Information Disclosure language on it for the customers to sign. I was hoping to eliminate one document by including this in the Note.
Do we need to send an Appraisal Notice on a new request if we are using an existing appraisal we already have for a separate loan?
What or is there a regulation that requires a paid loan to be processed within a certain period of time?
If the interest rate disclosed in a promissory note is incorrect (it is lower than what is actually being charged), is that a Reg Z problem? What if the TILA disclosure is within tolerance and is considered correct, could this then be an issue with UDAAP?
If we are still delivering disclosures and statements in paper form, do we have to be concerned with E-SIGN or UETA?