Most Popular Lending Content
Credit Reporting Loans to Minors
09/03/2023
We have a vehicle loan to a minor with the father as a co-signer. They are wanting the minor on the loan to help build their credit. Are we allowed to report to the credit bureaus for the minor? If so, are we allowed to report negative info?
When are annual PMI notices required?
08/27/2023
I would like to know when exactly does a financial institution need to send the annual PMI notice? I understand that it can be included in the annual escrow statement, but if sent separately, what annual date should be used?
Charging for updated credit reports
08/27/2023
Long ago, I was told by our credit report provider that we can't charge for credit updates for our mortgage customers relating to originating a mortgage. I see that FCRA prohibits charging for rescoring but if a tradeline needs to be updated or a non-reporting account needs to be verified, can we do a changed circumstance and charge the customer?
Recurring document exceptions
08/27/2023
What types of document exceptions recur regularly?
Who Requests an ROV?
08/27/2023
Who can request a ROV?