05/26/2014
When it comes to the rule of force placed insurance notification. Is doing a protective advance on a loan considered forced-placed?
05/19/2014
My bank never prepared early disclosures for a non-owner occupied home equity in the past. About a month ago someone said we should be making those disclosures, so we have started. My question is: Do we really have to send out early disclosures for a loan being backed by a non-owner occupied home?
05/19/2014
For owner-occupied loans that are up for balloon renewal (mostly 5 year balloons), are they grandfathered into the Dodd-Frank regs? We are a small creditor and are coming up against some of our renewals not meeting our internal d/i limits since we do not have to meet the 43% rule. Are we still able to make these renewals, or should we have the borrowers move the loan?
05/19/2014
If I have an application for a loan to be secured by rental property (non-owner occupied), does Reg Z apply?
05/19/2014
Is a new truth in-lending required when there is a change in circumstances? (2nd lien)
05/12/2014
Is the date on the Information for Government Monitoring Purposes supposed to be the same date as the credit application?
05/12/2014
Reg O - Directors (not Executive officers). Are primary residences subject to Reg O reporting for directors? Are there specifics to when they are or not be be reported such as on the mortgage system, loan side, 2nd lien or purpose like Executive officers?
04/21/2014
Where may I obtain a sample of the Right to Receive a Copy of Appraisal form, or at least the recommended language please?
04/21/2014
Is the Right of Rescission required when refinancing a real estate loan secured by 160 acre farm, and advancing funds to pay off credit card debt once loan originated?
04/21/2014
We have an executive officer that currently has a 1st lien mortgage and a home equity on the same property. He also wants to purchase a lot to build a new house, this lot loan would become financed into one construction perm loan. He will eventually move into this home once the other is sold. Is this possible under Reg-O or would it be best to have this individual finance the construction of his new home at another institution? I am worried about the rule of only having one 1st lien at a time, even though this will be temporary.