Most Popular Lending Content
Credit Bureau Reports Without Written Permission
10/04/2004
Can you take applications for loans over the phone and pull credit? If the customer never comes in and the request is denied, what do you do with the application that has not been signed by the customer that gives you permission to pull credit?
May We Require Related Services
10/04/2004
Is it permissible for our bank to offer a discounted mortgage rate if the customer opens a checking account and sets up an automatic payment?
Disclosure of Construction to Balloon Loan
10/04/2004
If a loan is made to a consumer as a short-term construction loan, and after construction is then converted to a 5-year balloon loan, what are the disclosure requirements?
Unfair or Deceptive: New Warnings from OCC
10/01/2004
In Advisory Letter 2004-10, the Comptroller of the Currency advises national banks on credit card marketing and account management practices that may be unfair or deceptive.
Rescission and Security Interest
10/01/2004
Question: We are making a short-term loan for a lot purchase. As an abundance of caution, we are also taking a security interest in the borrower's principle dwelling.