Vendor Guru Q&A - Lending

Latest Lending - Trust Accounts Topics

Reg Z Living Trusts-Apply to Irrevocable Trusts?

08/12/2018

I'm aware of the 2015 CFPB commentary in Reg. Z stating that living trusts should be treated as natural persons. Would this apply to irrevocable trusts (where the trustors are deceased)? Is there case law or commentary supporting (or not) that irrevocable trusts are estates and provided the organizational exemption under Reg. Z? Thank you.

Trust Loan-Dwelling Purchase: Fall Under TRID?

01/21/2018

If a bank makes a loan to a trust, for purchase of a dwelling, does it fall under TRID?

3 Day Right to Cancel (Individual Trust)

04/23/2017

If real property titled to an individual's trust, do I need to provide the three day right to cancel?

Trust - TRID ?

07/03/2016

A Trust owns a single family home which is currently rented. The owner of the Trust is deceased, so it is no longer an inter-vivos trust. A bank makes a loan to the Trust at a 14 year fixed rate, (5.99%) secured by the property. The Trustees are not personal signers, only the Trust is obligated. The loan to value is approximately 60%. Do TRID rules apply to this situation? Is a LE and/or CLoD required? What about ATR rules? The interest rate seems exorbitant.

Commercial vs Consumer Qualified Loan

05/25/2015

A loan comes to loan operations with the borrower being a trust. The purpose of the loan is to purchase 1-4 family dwelling for the trustee of the trust. Would this be a commercial or consumer qualified loan and why?

Does RESPA Apply To Loans For A Trust?

10/20/2014

Does RESPA apply to loans to a trust?

BSA: Designing Risk Assessment

11/01/2005

The annual Money Laundering Enforcement Conference co-sponsored by the American Bankers Association and the American Bar Association is always fertile ground for new ideas on BSA program management

CIP: When to Know What About a Customer

05/01/2005

Ever since its implementation, the efforts to develop and implement a Customer Identification Program have been fraught with questions.

At Last: The KYC Proposal

10/01/1998

It's here. The Federal Reserve Board has signed off on proposed Know Your Customer ("KYC") rules.

Benefits of Document Collection Software

07/05/2020

Why use document collection software?

Use of the Lender Information form

07/05/2020

Are we required to use the Lender Information Form?

Credit Card Promotion-Waive Annual Fee

07/05/2020

The bank is considering a credit card promotion for a period of 90 days that will waive the annual fee for the life of the credit card. A customer must apply for the credit card during this time frame to be eligible. It will not be advertised externally. Must the credit card application be altered or can we leave the annual fee on the app in case other customers take the application with them? What other compliance requirements exist for this type of promotion?

How to Report Purchase of 6 Properties on 1 Loan

07/05/2020

How do I report the purchase of 6 properties on one mortgage loan with a combination of 9 leased apartments plus 28 bedrooms with shared bathrooms that are rented weekly or monthly?

Additional Borrowers

06/28/2020

How many borrowers can apply using a single Uniform Residential Mortgage Loan Application?

Latest Lending - Trust Accounts Topics

Pages

hot right now