Most Popular Lending Content
Credit analysts and document management software
05/12/2024
How can document management software benefit credit analysts?
UDAP vs. UDAAP
05/12/2024
Where does the CFPB’s authority come in when they determine something is “Abusive”?
Avoid UDAAP in advertising.
05/05/2024
What is your opinion of offering a checking account that offers add-on third party benefits as a feature of the account? Customers are only able to obtain the add-on services if they buy the account and pay the service charge disclosed for this product.
Late Fees and Insiders
05/05/2024
Overdrafts may be one issue, but what about a late fee waiver on a loan for bank director - would this be a violation of Reg. O?
Appraisals, Values and Exceptions
05/05/2024
Assume the following terms on a loan to an individual to purchase real estate: The purchase price is $100,000. The borrower wants to add an additional tract of land in lieu of paying any cash down. The land is owned free and clear and is valued at $30,000. This results in a loan amount of $100,000 with total collateral value of $130,000 and a loan to value (LTV) of 77%. Am I right in thinking that I will have a loan to cost exception and not an LTV exception? This loan would not need to be reported against the banks 30% of capital limit on commercial real estate exceptions.