07/23/2012
We were advised that we should order joint consumer credit reports for unmarried applicants living at the same address. Does it follow that we should order individual reports for married applicants living at separate addresses? This would ensure that the determining factor is residence, not marital status.
07/23/2012
Must we have an independent review of our S.A.F.E Act?
07/09/2012
Are borrowers required to acknowledge receipt of the Notice of Right to Rescind by signing the Notice?
07/09/2012
If we are placing a Reg CC hold based upon a reasonable doubt of collectability, are we required to make the first $200 available the next day?
07/09/2012
What trips up bankers most often in Fair Lending examinations?
07/02/2012
Can we exempt a Dealer in Precious Metals, Stones and Jewels from Currency Transaction Reporting?
07/02/2012
Do we need a signed acknowledgment on the Notice to Borrower for a loan secured by improved property in a flood hazard area?
04/16/2012
One of the banks wants to conduct targeted mailings for a particular loan product based on the past history of the demographic that has bought this product in the past. In this case that would mean marketing to individuals based on age, over 50 years of age. Would this be a fair lending issue, marketing based on age which is a prohibitive basis?
03/19/2012
Our lending department is looking to start an advertising campaign targeting Jumbo Mortgage Products. They are wanting to offer a special rate for these loans but only target potential customers living in 1 city out of the 8 total that we service. We are just wondering if this will violate any Fair Lending Laws, or could be seen as unfair lending practices.
10/25/2010
Can I charge an advance fee on a consumer line of credit? On a commercial LOC, I know it is ok, but not totally sure on a consumer. If I do, is it ok to waive the fee periodically for certain customers?