Most Popular Lending Content
Examples of Commercial Loan Software
12/17/2023
Aside from LOS, what are some common types of commercial loan software?
Military Lending Rules
12/17/2023
Hasn’t military lending been quiet this year?
Teach-Disclose in Spanish
12/10/2023
We want to offer finacial webinars in Spanish to consumers. These would include smart ways to purchase a vehicle or a home and we have many more topics in mind. Would we need to supply disclosures or other documents in the Spanish if we do this?
Excluding Filing Fees from Finance Charges
12/10/2023
A UCC filing fee paid to a government entity to perfect a security interest in a consumer product must be listed in the Fed Box to avoid being a finance charge and included in the APR. Our filing fee is paid to a non-government third party vendor. Because of this third party involvement, our compliance department feels the fee should not be listed in the Fed Box. If all or a portion of filing fee we charge to the borrower will be paid to the government entity I feel that portion should be noted excluded from the finance charge and APR. Do you agree?
LOS vs. Commercial Loan Software
12/10/2023
What’s the difference between an LOS and commercial loan software?