Most Popular Lending Content
Usury Due to Fees
05/17/2004
I know that in consumer loans the maximum rate that can be assessed is 18% in many states. My question is, could the APR be more than 18%? We have a specific case where the rate is 15.50% and the APR is 18.285% (there is a fee of $50.00 being financed). Is this a violation?
OCC addresses real estate lending calculations, limits - Mary Beth Guard
05/10/2004
OCC addresses real estate lending calculations, limits
by Mary Beth Guard, BOL Guru
Does PMI require a Rescission
05/03/2004
When you renew a loan with now new funds, but there is PMI, is a rescission notice required?
Balancing Fees Between TIL and HUD-1 Discl.
05/03/2004
If no fees were disclosed on the TIL but were on the HUD, does restitution have to be made on fees that were not disclosed on prepaids within .25% tolerance?
Delivery of the Adverse Action Notice
05/03/2004
I have read recently that adverse action notices have to be postmarked the day that the notice was printed; however, I cannot find this in the Reg anywhere. Can you help me locate this specific topic, so that I can inform our employees?