Vendor Guru Q&A - Lending

Latest Lending - Fiduciary Topics

Do Bridge Loans Fall Under HMDA?

11/14/2011

Does a bridge loan fall under HMDA?

Expanded Response: Using UTMA Account as Collateral

08/09/2010

Can you expand on this answer any? Is it because of the tax consequences or the fact that the account is owned by the minor, and that the minor cannot sign to pledge the collateral, or something else?Using an UTMA Account as CollateralAnswer by Randy Carey, Question: Can a child's UTMA-WI savings be used to secure the parents' loan? Answer: It would be based totally on state law, however in most states it would not be allowed.

Scanned Loan Documents In Lieu of Originals

06/18/2007

Can open and closed real estate loan documents be scanned and accepted in lieu of originals in a court of law? What is the statute, law or precedence that supports scanned copies in place of originals?

Bank Policies Approved by the Board

10/09/2006

What are the bank policies that need board approval and how frequently?

RESPA: The Chicago Title Case

04/01/2005

There's a new major enforcement case involving RESPA and for once the enforcee is not a financial institution: it's Chicago Title, the nationwide settlement company.

Using UTMA Account As Loan Collateral

08/04/2003

Under UTMA regulations it was my understanding that in order to use a UTMA account as collateral for a loan we needed some sort of proof that this money was to be used to benefit the minor. Is this correct? If so, how can we be sure that the loan proceeds are being used for the minor?

Two Bad Loans Don't Equal One Good Loan Bank Appeals $3 Million Judgment

04/16/2002

Two Bad Loans Don't Equal One Good Loan
Bank Appeals $3 Million Judgment
by BOL Guru Sam Ott

New Account Procedures - Part I

11/01/1999

by Dana Turner

Fair Lending DOJ's Definition of "Fair"

11/01/1996

At a recent meeting of the Washington, D.C.

HELOC historical table and SOFR

11/17/2024

Reg Z section 1026.40 requires us to disclose a historical table to reflect the most recent 15 years of index values. However, SOFR has only been available since 2018. Do we only need to disclose the years starting from 2018 even when the length of the plan is more than 15 years?

Loan files: moving from paper to electronic

11/17/2024

Why might an institution decide to digitize its loan files?

Loan files and financial institutions

11/17/2024

What are the main use cases for loan files?

HMDA reporting and loan purpose

11/17/2024

If we have a consumer HELOC denial with the stated purpose of "purchase land to build a gas station," is it HMDA reportable?

Administrative loan renewals and interest rate change

11/10/2024

I continue to get push back from our lenders to change rates when we have Administrative Renewals. Reason for an Admin Renewal may be that the customer does not have a current Tax Return or Personal Financial Statement. Our current practice, when doing an Admin Renewal, is to only extend the maturity date by 90 day and make NO other changes. Is anyone else making rate changes at the time of Admin Renewals or doing them for longer than 90? Is this a regulatory issue with commercial and/or consumer loans and if so, what regulation would we be violating?

Latest Lending - Fiduciary Topics

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