Profile for User: TheBank

Forum Replies Created

Viewing 4 posts - 31 through 34 (of 34 total)
1 2 3
  • Author
    Posts
  • April 19, 2013 at 3:27 pm EDT in reply to: Flood – Amount of coverage #3115
    TheBank
    Participant

    So you would take the total RCV of the 4 in SFHA and compare to the total loan amount?

    April 17, 2013 at 3:25 pm EDT in reply to: Flood – Amount of coverage #3111
    TheBank
    Participant

    What about when you have a large loan secured by several properties, how does that affect the amount you use for “the amount of the loan”? Right now I have a $322,000 loan secured by 6 duplexes, 4 of which are in special flood hazard areas requiring flood insurance. How much of the loan do I allocate to each of the 4 in the flood zone in this example for purposes of determining the lesser of the loan amount or max available?

    April 5, 2013 at 3:06 pm EDT in reply to: Executive Officer Designation #3139
    TheBank
    Participant

    Yes, as a director, he would still be subject to Reg O since he would still be serving on the Board. My question is regarding ability to exclude him as an executive officer.

    March 13, 2013 at 4:02 pm EDT in reply to: Ability To Repay – Rural Areas? #3033
    TheBank
    Participant

    I believe there is a preliminary list now.

    https://www.consumerfinance.gov/blog/

  • Author
    Posts
Viewing 4 posts - 31 through 34 (of 34 total)
1 2 3