09/16/2002
We have a home equity loan that is being used to purchase a new home. Does this fall under RESPA.
09/02/2002
We have always made it a practice to give an initial TIL on our home-equity closed end loans, no matter the purpose of the loan. Some of our offices state that they have never given an initial TIL only the final at loan closing. Can you tell me the specifics of when an initial TIL must be given on closed-end home-equity loans? I believe we have chosen always to over disclose and give the initial disclosure, instead trying to have our lenders remember when it is required and when it is not.
09/02/2002
Someone is getting a loan secured by his home to add a pool to his backyard. Do RESPA and the Right of Rescission apply?
09/02/2002
For our consumer Home Equity Lines of Credits, can we require the customer to have a checking account at our bank and that all advances must go into that checking account? If so, does this need to be disclosed to them?
07/15/2002
I am reviewing an interior billboard promotion for a home equity credit line and I've looked everywhere in Reg. Z (is that possible?)for the answer to this: The ONLY print copy in the ad reads, "x% less than Prime (for the life of the loan) Ask about our Home Equity Credit Line." Is this ambiguous enough to avoid all the implicit terms disclosures required under 226.16(b), namely, from 226.6?
07/01/2002
Is there a simplified summary of the current, pending HOEPA changes/regulations, pertinent to a mortgage nondepository lender?
06/03/2002
With regard to a closed end home equity loan requiring a right of recission, can interest begin to accrue on the date the loan documents are signed or does interest accrual have to begin at disbursement of the proceeds?
06/03/2002
On a home equity loan, if there is anyone over the age of 18 living in the home at the time the loan is approved, do they have to sign the deed of trust even though they are not on the original deed of trust?
04/01/2002
Can you have a home equity loan and a home improvement loan on the residing homestead?
03/01/2002