12/02/2013
Right of rescission Primary Home in FL. Non-borrowing spouse and not on title. Signs ROR yes or NO?
12/02/2013
If you are using someone's personal residence as collateral on a business/commercial loan do we need the 3 day right of rescission?
07/08/2013
We are refinancing a 1st mortgage loan and 2nd mortgage loan(HELOC) to a new rate & term 1st mortgage loan to stay in our portfolio. Both are held in our portfolio now and no new money is being added, just principal balance with costs being paid by borrower at closing. Is a right of rescission required for this transaction?
05/13/2013
Do we have to get a 3 day right of rescission when we are going from a construction loan to a perm loan?
04/01/2013
When a customer is purchasing a new home that they will live in and they use their current home as collateral in lieu of a down payment - will have a lien on both properties - Does rescission apply?
03/25/2013
When a customer is purchasing a new home that they will live in and they use their current home as collateral in lieu of a down payment - will have a lien on both properties - Does rescission apply?
03/25/2013
When you are cross pledging an existing mortgage to a new loan, do you amend the mortgage or prepare a new mortgage? Or do you just reference on the note that the loans are cross pledged?
03/18/2013
When completing the Action Date of a refi loan on the HMDA LAR, should the actual closing date of the loan document or funding date following the right of rescission be used?
02/18/2013
Are you required to comply with Reg Z (ROR) on a business loan that takes an interest in a borrowers residence as additional collateral? In the past because it was a business loan you were not required to comply with Reg Z is that still correct?
01/14/2013
We have a customer that is purchasing a condo and we are also taking a 1st deed on the condo that he is living in now. The condo that he is purchasing is going to be his primary residence. Does the right of rescission apply?