Most Popular Lending Content
Bankruptcy Discharged Debt: $0 on credit report?
06/02/2003
If a customer files bankruptcy and discharges our debt, are we required to change the balance owing to $0 on their credit report? I know we must put that it was included in the bankruptcy.
Guarantor Access To Borrower's Credit Scores
06/02/2003
Does a potential guarantor have a right to see the credit report or be told of negative items or credit scores for a potential borrower? Specifically, an existing customer of our bank sent in someone for a car loan. The existing customer offered to guaranty the loan. We ran a credit report on the potential borrower, and the credit scores were low and the report contained various collection items.
Affiliated Business Disclosure Situation
06/02/2003
If our Bank President owns the Bank as well as a real estate agency and an insurance agency, is an affiliated business relationship disclosure required for RESPA covered loans?
Applying the new HMDA rules
06/01/2003
Question: I have heard lots of conflicting information about the HMDA rules that take effect in 2004.
Laws and Regulations - What's the Difference?
06/01/2003
The current brouhaha over the RESPA servicing transfer notice brings to the front burner a common question: what is the difference between a law and a regulation. The corollary is: why do we care?