10/26/2015
What is required on a loan application?
10/11/2015
Is a notification required to the consumer after 'conditional approval' has been granted and the consumer does not respond back with the necessary information or documents?
09/07/2015
Do the ECOA/Regulation B requirements around incomplete applications (12 CFR 1002.9(c)) apply to business credit applicants?
09/07/2015
In a QC HMDA audit 2014 it was found that the action taken was inaccurate after the borrower was sent a withdrawn letter. It should have been declined. (ECOA Violation noted) The loan was not reported on HMDA LAR in 2014 due to the AA letter being prepared in March of 2015. The date of AA letter is what is used for reporting. Can this HMDA loan still be reported in 2015 using the date of the now final action taken of AA letter?
08/09/2015
Does Fair Lending apply to Margin Lending? Reg B and ECOA is pretty broad but would a Banking Regulation apply to a Broker-Dealer who is issuing Margin accounts to their customers stock portfolios, if the broker-dealer also had a banking function (albeit separate from its broker-dealer function)? Upon doing some research online, I have not seen any articles linking the two.
05/11/2015
Am I required to provide a Right to Receive a Copy of the Appraisal when making a loan to a company (LLC)?
05/04/2015
Reg B: Do you need to disclose the Bank's name and address to a declined business applicant?
04/27/2015
Can you name the 5 parts that constitute a written adverse action notice?
03/30/2015
Does the requirement in Regulation B, 1002.10, regarding furnishing of credit information that requires reporting to the credit bureaus of spouses that are authorized users of credit cards still valid or has it been superseded? Is a standard practice? When I was asked this question if we had to report on an authorized user I thought no way as they are not responsible for the debt so why would we report and how would it help them establish credit. Please advise.
03/02/2015
Is a lender required to provide a copy of the appraisal to the borrower/applicant three days before the loan closes?