Consumer Term Loan with Quarterly Payments?

Answered by:

Randy Carey

Richard Insley

Question:

Can we no longer make a consumer term loan with quarterly payments?

Answer:

by Randy Carey:

There is nothing at the Federal level that would prevent such a product.

Answer:

by Richard Insley:

Sounds like there's more to this than one simple question. Start a thread in the "Lending Compliance" forum so we can explore this interactively. If there's a misconception floating around, maybe another poster will be aware of it and straighten us out.