Lending in different state

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    We opened a branch last year that is near the IN state line and there are opportunities for the bank to do some real estate lending across the river in IN. This will not be a tremendous amount of activity but I want to ensure we are covered in regards to regulation.

    I have considered the following: IN licensed appraiser(s), have title company from IN familiar with title work, mortgage filing, etc., will also have an attorney review loan fees we utilize in KY to ensure fees and escrow appear acceptable. I have reviewed loan docs to ensure LOS is up to par.

    Is there anything I haven’t considered?


    Be sure to have your Indiana counsel review all forms, in addition to the loan fees, to be sure the forms comply with Indiana law, including the UCCC (Uniform Consumer Credit Code).

    There is also some fairly complicated law regarding choice of law when you operate in multiple states. Discuss this with counsel.

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