Most Popular Lending Content
Reg Z & Construction Loans To Family Members -- Bankers Systems, Inc.
08/04/2003
Please help us resolve this dispute. The question is if a loan should be considered for consumer or commercial purpose for compliance with Regulation Z. The borrower is an individual acting as a builder for his son-in-law. He has previously built two homes for himself. His income, however, is not made as a builder. He works in an unrelated capacity. He is also not making a profit on the construction loan. I think Regulation Z would apply to this loan. Please help.
Using UTMA Account As Loan Collateral
08/04/2003
Under UTMA regulations it was my understanding that in order to use a UTMA account as collateral for a loan we needed some sort of proof that this money was to be used to benefit the minor. Is this correct? If so, how can we be sure that the loan proceeds are being used for the minor?
Required Home Equity Disclosures -- Bankers Systems, Inc.
08/04/2003
When handing out Home Equity applications what disclosures should we give our customers to stay in compliance?
IT Regulatory Hot Buttons
08/04/2003
As it relates to IT examinations, what are the top "hot buttons" for regulators?
Home Equity Loan, Rental Property Collateral, and HMDA
08/04/2003
have a loan that I am not sure if it is subject to HMDA. Purpose is to purchase real estate. Collateral is rental property they already own. The loan is home equity(close end). We have a 2nd mtg. on rental house. Is this subject to HMDA?