Most Popular Lending Content
Is it necessary to have a new GFE if the amount of the loan changes before the closing of the loan?
02/02/2003
Is it necessary to have a new GFE if the amount of the loan changes before the closing of the loan?
Automobile Loan Fees For Insurance Tracking
02/02/2003
We are considering charging each automobile loan a fee for insurance tracking in lieu of obtaining force place insurance on uninsured borrowers. What compliance related issues do we need to take into consideration?
Can we charge a late fee on a farm loan secured by real estate?
02/02/2003
Can we charge a late fee on a farm loan secured by real estate?
New Loan Policies & Adverse Action Notices
02/02/2003
We have a customer with a current loan who called and requested a loan for $500.00. The officer ran a credit report and denied the loan on reasons resulting from the credit report. However, the same reasons were there a year ago when we made her a loan. Our loan policies have changed, and as a result, she no longer qualifies. Do we send her a denial using those reasons even though we make the loan before?
Flood Determination & Balloon Mortgages
02/02/2003
If one obtains a flood determination at the origination of a real estate mortgage that has a balloon feature, is it necessary to order another flood determination at each time of renewal?