Is a consumer credit score disclosure required for mobile home loans if we are not taking a security interest in the land on which it is located?
Are funds held as collateral exempt from an IRS levy, or do these funds need to be included in the bank's response to the IRS levy received?
I have a PLLC opened with a husband and wife. It is in the wife's social security number. They both want to leave that way. Can they do this?
We qualify loan applicants based on gross income. Our credit officer says that tax free income from SSI or VA Disability is the gross income and shouldn't be grossed up. I say the income is net and should be. Who's right? If we don't gross tax SSI up, are we discriminating?
A loan customer has requested that we not send him loan payment notices. Is there a reg against this or is it left up to the discretion of the bank to allow or not allow. We do not want to grant this request, since customers may become delinquent and bank has somewhat agreed to the customer's request to not send loan payment notices.
Can a real estate loan be modified with a higher rate and escrows, when the loan has not performed as agreed?
If a person is taking out a loan on the home in which he lives, but does not own, does right of recission apply? If so, to whom, the person who has ownership or the person who lives in the home?
When a bank holds security on a loan, such as vehicles, are they allowed, after filing a judgment against the borrower, to confiscate other personal items at the borrower's home? These items were not listed as collateral on the above mentioned loan.
When a loan is secured by two properties, which one do I list on the LAR? A customer's existing home and the home he is purchasing are being used to secure the loan.
We have a HELOC with the borrower's personal residence securing the loan. Since we can not renew a HELOC that has reached maturity, we are in the process of refinancing for another term. Can we modify the existing deed to extend the maturity or is it necessary to record a brand new deed?