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?
Exception to LTV Ratio
02/02/2004
Is there a compliance issue if you make an exception to your fixedrate home equity policy in order to extend the loan to value ratio from 80% 95% for one customer?
Timing on HOEPA Disclosures
02/02/2004
When disclosing a HOEPA loan we are required to provide borrower with HOEPA disclosures 3 days prior to closing the loan. If the loan has a 3 day right of recission, are we in compliance by disclosing at the time the loan is closed if funding of loan is not until 3 days?
Reporting HELOCs on HMDA Report
02/02/2004
When preparing the HMDA report and reporting HELOCs, do you report the total amount approved or the total amount the borrower has used?
Right of Rescission
02/02/2004
I saw the question on HELOC's and if you need a 3 day ROR.The answer was "Yes always", what if it is secured with rental property that is not the applicants primary residence?