Most Popular Lending Content
Prepayment Penalties
02/14/2021
Do the revised rules restrict prepayment penalties?
Military Status and Foreclosure
02/14/2021
If our borrower hasn’t requested SCRA protection and is past due on her mortgage, can we start foreclosure as we normally would?
Hazard Insurance Policy and NFIP
02/14/2021
Is it true that the NFIP will only pay out if the borrower has hazard insurance in place on the property? Our bank's practice is to get hazard insurance at closing, but doesn't monitor for it after that. If the hazard insurance policy has expired and there is a flood, will the NFIP pay out?
Redlining is real
02/07/2021
Is redlining real? It seems to be an antiquated type of violation.
MLA - Open-end and ODP Coverage
02/07/2021
The Military Lending Act does not specify if the Act applies to an open-ended Overdraft Protection line that is tied to a checking account or a closed-ended loan secured by the applicants’ deposit accounts such as a savings and/or certificate of deposit. Does the Rule apply to both consumer credit types?