Most Popular Lending Content
Redlining is real
03/31/2024
Is redlining real? It seems to be an antiquated type of violation.
Are Chargeback Fees OK?
03/31/2024
If a customer deposits a check into their account with us, and that check is returned to us as unpaid, may we charge them a fee when we do the chargeback?
Automated timers for commercial loans
03/24/2024
What is an automated timer and how can it support commercial lending?
Chaiman’s daughter wants a business loan – does Reg O apply?
03/24/2024
Our Board Chairman’s daughter has opened her own business and wants a loan from us. She is on it all by herself and he will not be a guarantor. Is her loan subject to Reg O?
EVP is a big loan promoter – concerned about his annual bonus being compliant with Reg Z
03/24/2024
I work in HR, and know that our Executive VP earns a substantial annual bonus. He does not really do any real estate lending, but often says he makes more loan deals on the golf course than anywhere else. I assume this includes home loans. Up to this point, he has kept his NMLS ID # and registration current “to CYA”. I’m concerned his bonus may be non-compliant with Loan Originator Compensation requirements. Should I be worried?