Most Popular Lending Content
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?
Regulation: Another Strike at Unfair or Deceptive Practices
05/01/2004
The OCC did it first, but now the FDIC and the Federal Reserve System have done it too.
Fair & Non-deceptive Advertising
05/01/2004
Most product deception occurs with the presentation of the product to the consumer.
Motel Loan HMDA Reportable? - Mary Beth Guard
04/26/2004
Motel Loan HMDA Reportable?
by Mary Beth Guard, BOL Guru
ARM Disclosure Results
04/19/2004
The program we have for loan documentation can assume that the rate will adjust up over time or adjust down over time. If we select the adjust-down assumption, the APR disclosed is lower than the actual note rate. This doesn't seem correct although I've seen other companies do it. Would this be a proper disclosure?