Most Popular Lending Content
Pursuing Deficiency Judgment Even After Partial Satisfaction Of The Obligation
02/03/2003
As a secured party, if I collect partial satisfaction of an obligation, may I still pursue a deficiency judgment?
Can we charge a late fee on a farm loan secured by real estate?
02/02/2003
Can we charge a late fee on a farm loan secured by real estate?
New Loan Policies & Adverse Action Notices
02/02/2003
We have a customer with a current loan who called and requested a loan for $500.00. The officer ran a credit report and denied the loan on reasons resulting from the credit report. However, the same reasons were there a year ago when we made her a loan. Our loan policies have changed, and as a result, she no longer qualifies. Do we send her a denial using those reasons even though we make the loan before?
Flood Determination & Balloon Mortgages
02/02/2003
If one obtains a flood determination at the origination of a real estate mortgage that has a balloon feature, is it necessary to order another flood determination at each time of renewal?
Disclosures: Using A HELOC To Pay Off First Mortgage
02/02/2003
If a customer is paying off a first mortgage with a new home equity line of credit, do we need to disclose the first mortgage payoff in any disclosures?