Most Popular Lending Content
Disclose HELOC Origination Fee as Finance Charge?
04/15/2013
Our bank charges a $250 loan origination fee on our HELOCs. Should this be disclosed as a finance charge on the HELOC credit agreement and disclosure? What if the bank pays the fee upfront but will charge it to the customer if the loan is paid off within 2 years?
Dwelling on 25+ Acres-Considered Commercial Reg Z?
04/15/2013
I know that principal dwelling on 25 acres or more is exempt from RESPA, but do you still consider it as a higher-priced mortgage loan under REG Z or can we treat it like a commercial loan?
Credit Report Fees and Fair Lending Considerations
04/15/2013
We would like to start charging for credit report fees at our financial institution. Are there any fair lending considerations that we should be aware of (especially when pulling joint credit bureaus is concerned)?
What Loan Docs Require An Original Signature?
04/15/2013
What loan documents require an original signature and when is an electronic signature or facsimile sufficient?
Violation of Reg O Executive Officer Mortgage Prop
04/15/2013
Regulation O-we have an executive officer who has a first lien mortgage on his primary residence. He thought this residence was sold, and purchased another property which he mortgaged with us. The first property sale fell through so currently both properties are on the bank's books. I assume we are in violation but would like some verification.