We are just a mortgage lender, does this CAN-SPAM affect us?
If a consumer wants to waive the right to rescind, which of our consumers (we have two) is required to sign the waiver?
Can a broker provide the borrower a copy of the CHARM booklet? If so, does the lender have any responsibility to ensure it was provided timely?
I have a question regarding HMDA reporting and I hoping you can help me out. So for the NMLSR ID we are reporting the NMLS ID of the loan officer who approved denied withdrawn/canceled the application. We have several loans that were withdrawn by the member prior to a loan officer making a decision and were reporting N/A. I think we should be reporting our own NMLS number for those applications. Could you please let me know what you think?
How long does the consumer have to rescind if we provide the wrong rescission form?