02/11/2002
Do all owners, or only those who are occupying as principal residence, have the right to rescind?
02/11/2002
If I have a matured line of credit secured by a UCC filing on inventory and accounts receivable and my customer files bankruptcy, assuming my collateral is now under the jurisdiction of the court, is my collateral protected? If not, is there anything I can do to protect it?
02/11/2002
When making a loan to a sole proprietorship can you list the 'DBA' under the individuals name and SSN?
11/05/2001
This question concerns RESPA. If a loan is secured by 2 14 family residences, one already owned and one purchasing, and is for 12 months interest only to give customer time to sell one of the houses is that covered by RESPA?
11/05/2001
One of my loan officers posed this question; What is the definition of "closing" under Flood? The documents have been signed, but nothing has been recorded or disbursed.
03/05/2001
My question concerns the filing of a UCC1. We have had a UCC search performed by an attorney in a farmer's county of residence, which doesn't show anything outstanding other than our lien, but the farmer listed another lender as lienholder on some of his equipment on his financial statement. I think the other lender may have filed in the wrong county. UCC law states that a filing made in good faith in an improper place is effective against any person who has knowledge of the contents of such financing statement. Do you know of any court cases that address this issue?
03/05/2001
If we renew a consumer loan that has an auto as collateral and give the customer new money do we have to re-file our lien on the auto?
02/05/2001
Can I get a clarification on the filing requirements under the new Article 9 for a continuation. I was under the impression that if a continuation was filed PRIOR to the July 1st effective date that it would be filed in accordance with the current Article 9 rules and thatit would be effective. Basically, do we have to file an "in lieu of" financing statement prior to the effective date or do we file the same way we have in the past?
01/15/2001
We have an application for a loan to purchase a residence which is secured by another dwelling owned by the applicant. What do we record in the property location section of the HMDA LAR?
10/01/1997
Remember the days when we all called it "consumer compliance"? There was the Consumer Credit Protection Act and all those stories about consumers who needed help.