Most Popular Lending Content
Regulator's Address for Adverse Actions
12/06/2004
We recently switched regulatory agencies from the FDIC to the Federal Reserve Bank and I would like to know where I can get the correct address for my credit denial forms for the Federal Reserve.
Preferential Employee Loan Rates
12/06/2004
The bank currently offers a lower interest rate on credit cards to its employees than to its customers. Is this a violation of 12 CFR something, 12 USC 375 "a" and "b", or any other regulation?
Mixed Use Property, Reg. Z Exempted?
12/06/2004
We have a loan request for an owner-occupied mixed-use property (consists of 1 unit, residential dwelling that is 40% of total square footage). The borrower uses the residential portion as their primary residence. The commercial portion is also used by the borrower (not rented). We do not believe this loan is subject to Reg Z because the purpose is primarily business. Do you have a contrary opinion?
Should the HUD-1 Show Fees Not Passed On
12/06/2004
If a bank does not pass a fee to the customer and does not include the amount in the prepaid finance charge, must the amount and provider be shown on the HUD statement? For example, if a bank does not charge the customer for a flood determination, must the bank notify the borrower that a determination was pulled and provide the name of the vendor?
Insurance Disclosures on Ag/Business Loans
12/06/2004
Are banks required to give the Federal Credit Application Insurance Disclosure and the Federal Sale of Insurance Disclosure on business/agribusiness loans?