Most Popular Lending Content
Content of the Adverse Action Notice
01/17/2005
If we deny a mortgage loan because the collateral is not acceptable for a second lien, does the credit bureau information need to be included?
Fees in Finance Charge
01/17/2005
Is flood cert included in the APR calculation?
Font Size Specifics
01/17/2005
What are the exact font size requirements for a Schumer Box?
Lending More for Debt Servicing
01/17/2005
We have been asked by the local Knights of Columbus to finance the rehabilitation of their building. The Knights are a break-even operation and cash flow is minimal. Can we make a $150,000 loan and provide them $100,000 for the rehab and escrow the remaining $50,000 for servicing the debt repayment without receiving criticism from regulators and having the loan listed as substandard?
SCRA and Loan to Estate
01/17/2005
Regarding the Servicemembers Civil Relief Act: We received a request from a serviceman asking for the SCRA benefit on a loan; however, the loan is in the ESTATE of (I think) his father. I don't know if he is the executor or not. Would this person be eligible for the SCRA benefit if he is the executor? What if he assumes the debt?