Most Popular Lending Content
Combined Fees on a Mortgage Loan
09/20/2004
Can a bank combine fees to others, such as for title policies and appraisals, into one bank fee and show the breakout as POC items on the HUD settlement statement?
Rescission on a Business Loan with a Home
09/20/2004
If a commercial lender makes a loan for the purchase of a business and he/her takes a mortgage on both the new real estate being purchased and the purchaser's personal residence, is there a 3 day right of rescission?
Pre-Paid Finance Charge
09/20/2004
What fees are considered as pre-paid fees on a real estate loan and consumer loans?
Educational Requirements for Compliance Officer
09/09/2004
Would you say a bachelor's degree would be a minimum requirement for one seeking a position as a compliance officer?
Permissible Purpose to Access Credit Reports
09/06/2004
Under the "permissible purposes" rule in the FCRA, if a customer applies for joint credit but only one applicant is present to sign the application authorizing us to obtain a credit report, do we have a "permissible purpose" to obtain a credit report on the absent applicant? Do we need the absent applicant's signature before obtaining the credit report? Is the same thing true for deposit accounts when checking with ChexSystems? I have not been able to find anything indicating the customer is required to sign giving permission to obtain the credit report.