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?
Requirements on Short-Term Construction Loans
10/04/2004
If the bank agrees to fund a construction loan for 1-4 residential real estate without offering in-house permanent financing approval or having a permanent commitment from a mortgage broker, does RESPA require a GFE within the context of the 2-year temporary financing rule?
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.