06/16/2024
Does the Regulation F limitation on interbank liabilities apply to correspondent lending? In other words, if two banks are party to a correspondent lending sale/purchase agreement, does the purchasing bank need to follow Reg F?
06/16/2024
How does the Truth in Lending Act and Regulation Z apply to a commercial loan?
06/16/2024
I’ve been hearing about the new $8 cap on credit card late fees. My bank offers cards issued by an agent bank, but the card shows our bank logo and we hand out brochures for the product. Will our customers be impacted?
06/09/2024
Do I need to have an MLA search for a consumer real estate loan with no structures?
06/09/2024
Under the The Servicemembers Civil Relief Act (SCRA), (50 U.S.C. § 4026), it states that under "Availability of non-business assets to satisfy obligations" that If the trade or business (without regard to the form in which such trade or business is carried out) of a servicemember has an obligation or liability for which the servicemember is personally liable, the assets of the servicemember not held in connection with the trade or business may not be available for satisfaction of the obligation or liability during the servicemember’s military service.
Do the "assets of the servicemember not held in connection with the trade or business" include a personal guarantee of the servicemember?
06/09/2024
My boss told me today our bank is seriously considering doing an in-house credit card program. HELP! I don’t even know where to begin. What should I expect and where can I learn more?
06/02/2024
We had a joint mortgage loan application (an elderly husband/wife). The wife did not want husband to know she was buying a house as he is in a nursing facility and she feared he would want to move into the new home. The husband's income was needed for the loan. The bank would not accept the POA provided for him for the loan purpose as it was not prepared by an attorney, and the bank knew the back story.
The loan was denied and a SAR is being filed. If not for the subterfuge, the loan would have been approved and the loan qualified for the First Time Home Buyer Grant of $20,000 which would have been used as money down. Should the grant money be included in the total amount reported on the SAR?
06/02/2024
Are there any requirements at either the federal or state level that would require an investor that has purchased a pool of loans to be licensed? Would the answer also depend on who is servicing the loans?
05/26/2024
Does any regulation require an institution to send a reduced rate letter when adjusting the rate due to an SCRA claim on a loan?
05/26/2024
Does a line of credit on an improvement of a residential property need to be reported on our HMDA LAR? It will convert to permanent financing after 120 days when construction is to be completed.