06/28/2015
Who determines the description of fees on the new integrated closing statement?
05/25/2015
A loan comes to loan operations with the borrower being a trust. The purpose of the loan is to purchase 1-4 family dwelling for the trustee of the trust. Would this be a commercial or consumer qualified loan and why?
05/25/2015
We have several consumer LOCs where the note states average daily balance is calculated using the simple interest method. Our system charged interest on interest. What steps do we take to correct?
04/06/2015
Two questions related to the recent revisions to Reg Z. 1) Does a business purpose loan partially secured by residential RE now fall under Reg Z? Do you need to have a NMLS license to discuss RE secured products with customers, including abundance of caution liens.
03/30/2015
I need the Reg that talks about making a statement available to the customer. I was told once that you cannot stop the statement from printing unless you offer estatements because the customer must receive a statement with the verbiage on the back.
01/26/2015
Is it permissible to require that loan applications are completed only in English and are available only in English?
09/01/2014
If a customer has a mortgage on land and now purchasing a mobile home, is a right of rescission required?
09/01/2014
Does the Ability to Repay Risk Requirements apply to a one year bridge loan?
08/25/2014
Does the Higher Education Opportunity Act and its disclosures, cover a consumer, unsecured loan, for educational expenses to an undergraduate school?
08/18/2014
When, where and how do I disclose borrower paid closing cost for a HELOC?