Most Popular Lending Content
Making Business Principals Liable on Account
02/02/2004
If I open a business checking account for a corporation is there any form that can be signed by the principal holding them personally responsible, as well as the corporation, for any possible losses? Also, if there are no forms, could our bank draft one and use it?
Preemption and Predatory Lending
02/01/2004
The OCC has issued a final rule to preempt state laws that have the effect of limiting the powers of national banks.
Another BSA Enforcement by FRB
02/01/2004
The FRB, together with the Ohio Division of Financial Institutions, has reached a written agreement with the Custar State Bank to resolve deficiencies in compliance with BSA and lending practices.
Failure to Disclose Odd Days Interest
01/19/2004
If a lender fails to disclose 15 odd days of interest on the Good Faith Estimate (either 10 or none) is a new disclosure required?
Application Defined for Early Disclosures
01/19/2004
When a borrower submits a request for a mortgage pre-approval (borrower intends to purchase, but has not identified a property), are we required to disclose with TIL/GFE? Also, I can not find a definition of Loan Application as determined by Reg Z. Where can I find this?