Most Popular Lending Content
UCC Filings
02/21/2005
I need to know if there are deadlines for filing UCCs. Does this vary from state to state? Is there a place I can go to get details on the specific requirements for filing UCCs and if there are any stipulations or restrictions?
PMI at Closing - Prepaid FC?
02/21/2005
Is mortgage protection insurance that is paid into an escrow account at closing considered a prepaid finance charge for calculating the APR?
Capitalizing Interest on Loan Renewal
02/21/2005
I need to know if there is a regulation that deals with capitalized interest on renewed loans.
Lending against Holding Company Stock
02/07/2005
A bank holding company owns 100% of the bank's stock. Under the Texas Finance Code 34.102, a bank is prohibited from acquiring a lien on its own shares except on an antecedent debt to limit the loss or with approval of the banking commissioner. A bank is allowed to lend against shares of an affiliate per this section. May the bank lend to a shareholder of the holding company stock with the stock as collateral?
Can We Give Customer Copy of Credit Report?
02/07/2005
A customer requested a copy of his credit report and we told him he had to call the credit bureau to request a copy. He said another area bank gave him a copy. Are we allowed to give consumers a copy of their credit reports now? Did something change that I didn't catch?