If I am renewing a loan that is holding the primary residence as collateral, do I still need to wait three days to disburse? (Right of rescission)
The bank was served with a tax levy, and the customer has a certificate of deposit. However the customer assigned the certificate of deposit to the bank for collateral on a loan. The hold is on the entire CD amount. Is the bank obligated to release our hold and pay the levy?
C&S Marketing is offering a product named LoanSafe that allows residential mortgage originators and secondary investors to assess the risk value and fraud potential in a loan transaction.
Can a legal hold be placed on a checking or money market account for loan collateral?
Is there a regulatory restriction against pledging a demand deposit (checking) account as collateral for a loan? One of our lenders failed to adhere to our loan policy of only using certificates of deposit as collateral. I am aware of the restriction against pledging IRA accounts and savings bonds.
Richard Insley answered the following question: When advertising, if you show LTV vs. a down payment does this trigger reg Z and full disclosure? Answer: Loan: No Credit sale: Yes Would you please explain the difference between a loan and a credit sale.
Banks in Sweden have an unusual problem with thefts from automated teller machine vaults because dynamite is readily available in that country, making it easily possible to blow up ATMs.
We are getting ready to update our real estate collateral material. Where can I find current samples of the same, that other lenders are using to promote their services either as direct mail pieces or leave-behinds in model homes, etc.?
Is a Bank allowed to assess and collect those late fees assessed during the automatic stay period of a Chapter 7 or 13 Bankruptcy?