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01/07/2002
When making an installment payment on a 2nd mortgage, can I specify that any extra payment amount, let's say $50.00, be applied to the principal and not against the next month's payment? Is the bank obligated to apply this extra amount of $50.00 against the principal if I request it to be done that way?
01/07/2002
A question posted earlier asked for a site for the Equal Housing Lender logo. The questioner was directed to the HUD site. That was a good thing to know except that the only logo there was for Equal Housing Opportunity. Do you where to get EH "LENDER" logo and its usage information?
01/07/2002
Are we required to give a TIL disclosure on a 9 month interest-only draw down credit line for new construction with no committed end financing (we do disclose at time of application). The loan is a 9 month interest-only payment and matures without a PandI payment made. There is no final closing; the loan is paid off by another lender.
01/07/2002
Regarding the SSCRA: Does the protection include SBA loans where only ONE of the multiple guarantors is a serviceman in active duty? Assuming that all other qualifications are met (i.e. incurring an obligation or liability PRIOR to his entry in the service).
01/07/2002
Without violating Truth in Lending, can a bank add mortgage insurance to a note. Does it matter if interest accrues on this amount.
12/03/2001
Is it allowable to xerox a person's driver's license photo? Some tellers were doing this for non-customers cashing checks at our bank, but another employee says we cannot do that.
08/06/2001
I am looking for help in writing policies for esign as well as ereg. We area credit union and the state examiners have requested to see a draft poloicy. I can not see reinventing the wheel if there are tempplates which can be used.
08/06/2001
In updating the 15 year historical example for openended home equity loans, is there a certain date by which these should be revised in the following year? Such as the date in 2001, that the table should have been updated to include the rates charged in 2000.
05/07/2001
The Federal Reserve issued interim rules giving guidance for e-disclosures under Regs B, M, Z, etc. What about HUD? Can we, or can we not, provide RESPA disclosures electronically?
05/07/2001
We have an employee who is very angry that we check bank statements for suspicious activity. The employee wants us to cite the regulation that allows us to do that. Is there anything other than our own bank policy that I can show this person?