Most Popular Lending Content
Sharing Information From Co-applicants With Co-applicants
04/21/2003
When you have several individuals (4 or 5) who are all co-applicants, may we discuss all applicant's financial information with the primary applicant since all applicants will be personally liable. For instance, the financial information we are lacking to make a credit decision or why we cannot approve the loan request because of insufficient combined income to service all of the applicant's debts?
Regulatory Training Requirements: Every 18 Months?
04/14/2003
An examiner (OCC) told me all employees have to be trained on each regulation every 18 months. Where can I find this requirement in the regulations?
SSCRA: What defines active duty?
04/14/2003
We have received our first request under the Soldiers and Sailors Civil Relief Act. In this instance the customer's orders are sending him to Korea. How do we determine what is considered being called to active duty? Does this request fall into the active duty category?
APR Formula
04/14/2003
We would like to set up a Excel spreadsheet that calculates our APR for each of our products. Therefore, we are looking for a formula that calculates the APR that we could put into Excel and print out for everyone's use. We have calculators and software that calculate the APR but we are looking for the actual formula.
Revised Article 9 & Agricultural Loans
04/14/2003
With the Revised Article 9 would you suggest to continue getting property and legal descriptions for Agricultural or crop loans on state filings and security agreements?