Latest Operations - Reg. B Topics

Tracking complaints from the military

02/28/2021

Do you recommend including a complaint entry item to identify servicemembers?

Timing of electronic disclosures.

10/20/2019

The loan estimate must be delivered or placed in the mail not later than the third business day (general rule) after receipt of the consumer's application. As long as you can document that the email was sent not later than the third business day you will be fine.

Completing the "In 5 years" disclosure for a 12 month construction loan

10/13/2019

How is the "In 5 years" disclosure completed for short-term construction loans?

"Purpose" for a home improvement loan

10/06/2019

For a home improvement loan, is the Purpose = Home Equity?

Estimating construction loan interest

09/29/2019

How is interest estimated for a multiple advance construction loan?

Disclosure of Property Value instead of Sales Price

09/22/2019

When do we disclose Property Value instead of Sales Price?

Do temporary constructions loans need TRID disclosures?

09/15/2019

Do temporary construction loans need to receive either a Loan Estimate or a Closing Disclosure?

Reg B Appraisal Notices & Commercial Loans: Lien

02/19/2017

In regards to Reg B appraisal notices and commercial loans: does the loan need to be secured by a first lien on a dwelling for the notice requirements to apply or is it any dwelling secured loan - regardless of lien position? For example, an LLC is securing a commercial loan with a 2nd lien on a dwelling, do they get the appraisal notice or not?

Reg B Disclosure for Declined Applicant

05/04/2015

Reg B: Do you need to disclose the Bank's name and address to a declined business applicant?

Question & Answer

06/01/1995