Most Popular Lending Content
Does having a preferred rate feature make the loan variable rate? -- BankersSystems
08/05/2002
Does having a preferred rate feature make the loan variable rate?
Sample Notice of Homeownership Counseling
08/05/2002
Where can I find a sample notice of homeownership counseling required by amendment to the National Housing Act(amendment effective 112601)?
Right Of Rescission For Mobile Homes?
08/05/2002
Do we need a right of recission for a mobile home loan? This mobile home is NOT in a mobile home park, but on REAL Property that is also used as collateral on the loan.
Spreader Clause & New Customers
08/05/2002
Our loan documents contain a spreader clause indicating that collateral securing other loans may also secure the new loan. Should we be marking this box, when this is a new customer with no previous loans. Do we have the right to secure loans that have not been made. We are under the impression that this box should be marked all the time including unsecured loans.
Loan Denial Based Upon Visa Status
08/05/2002
If we have an application for a consumer loan by an individual who is in this country on a visa and may be returning to his home country soon, can we deny the loan based on the fact that we are concerned about the repayment of the loan if he returns to his home country?