Most Popular Lending Content
CIP and Denials
11/17/2003
Do the identification and verification requirements apply to loan applicants that do not qualify to borrow and are denied?
Disclosures for Adding Credit Life Insurance
11/17/2003
If credit life and/or disability insurance is added to a residential real estate loan, are there extra disclosure requirements?
Pledging a Jointly Owned CD as Collateral
11/03/2003
When a Joint CD is used as a collateral on a loan must both parties pledge the collateral or is the one borrowing the money the only one necessary? If a loan is secured by a CD that has a POD on it must the POD pledge the collateral also for the loan?
Bank in Dark Ages
11/03/2003
Believe it or not, we still hand type all promissory notes and all lending documentation in our bank. I have been trying to convince the boss to move to an automated system based upon the time issue, but now am going to try from a compliance issue. I need help with my side of the argument.
Reaffirmation in Chapter 7
11/03/2003
Borrower files Chapter 7 bankruptcy. Filing states intent to reaffirm. Borrower/attorney fail to execute reaffirmation and borrower is discharged. Borrower continues to make payments. Did borrower reaffirm by continuing to pay?