Most Popular Lending Content
Avoid UDAAP in advertising.
05/05/2024
What is your opinion of offering a checking account that offers add-on third party benefits as a feature of the account? Customers are only able to obtain the add-on services if they buy the account and pay the service charge disclosed for this product.
Comprehensive Understanding of the 2024 lending compliance updates?
05/05/2024
Could you benefit from an update of all the lending regulations facing your FI in 2024?
Appraisals, Values and Exceptions
05/05/2024
Assume the following terms on a loan to an individual to purchase real estate: The purchase price is $100,000. The borrower wants to add an additional tract of land in lieu of paying any cash down. The land is owned free and clear and is valued at $30,000. This results in a loan amount of $100,000 with total collateral value of $130,000 and a loan to value (LTV) of 77%. Am I right in thinking that I will have a loan to cost exception and not an LTV exception? This loan would not need to be reported against the banks 30% of capital limit on commercial real estate exceptions.
Compliance Management: How often should I test APYs and APRs?
05/05/2024
How often should compliance be testing APY and APR accuracy? I rely on our expensive software to get it right. Is that OK?
Score obtained but not utilized in loan decision.
05/05/2024
If a loan is denied based on collateral but our credit reports include the credit score, is there anything wrong with include the applicants score on the Notice?