Topic: Lending
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New WCUL loan modification form helps lower rates without redisclosure
NEWS: The League is offering a new form for sale, the Loan Modification Agreement – Interest Rate and Payment Reduction, WCUL #83003 (Rev. 5/20). It allows the credit union and borrowers to […]
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New loan modification agreement accommodates extensions, deferrals, or re-amortization of WCUL notes
NEWS: The League now offers a new Wisconsin Simple Interest Loan Modification Agreement (#83002) to replace its Simple Interest Deferral Agreement. The new form offers three different repayment structures, to meet […]
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B080 Payday and Vehicle Title Loans
This release applies to state and federal credit unions. What follows in this ii Release is a summary of the CFPB’s final Payday, Vehicle Title, and Certain High-Cost Installment Loans […]
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OCU announces it is holding joint borrower letter “in abeyance”
NEWS: The Wisconsin Office of Credit Unions announced today that it will not enforce General Letter CU 4-18 for now, except in cases where a loan is made to a single non-member. As […]
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OCC: Truth in Lending – Comptroller’s Handbook CC-MLA (May 2018, Ver. 1.0)
Consumer Compliance (CC), Military Lending Act: The Office of the Comptroller of the Currency’s (OCC) Comptroller’s Handbook booklet, “Military Lending Act,” is prepared for use by OCC examiners in connection with […]
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Wis. Stats: 422 WCA – Consumer Credit Transactions as regarding Interlocking Loans
422.408 Interlocking loans.
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B017 Reg. C – Home Mortgage Disclosure Act
This release describes the requirements of the Home Mortgage Disclosure Act (HMDA) and Federal Reserve Board Regulation C.
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#82014-MLA – MLA Consumer Note and Federal Truth in Lending Disclosure (Rev. 6/16)
Use for: Closed-end Wisconsin Consumer Act loans, except for those with a variable interest rate, or with a dwelling or real estate as security. See ii Release No. B001 for […]
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#82014-MLA – MLA Consumer Note and Federal Truth in Lending Disclosure (Rev. 6/16)
Use for: Closed-end Wisconsin Consumer Act loans, except for those with a variable interest rate, or with a dwelling or real estate as security. See ii Release No. B001 for […]
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#82031-MLA – MLA Non-Consumer Note (Rev. 6/16)
Use for: Personal loans where the amount exceeds $25,000 but only if the loan is not secured by real property or a dwelling and not subject to the Wisconsin Consumer […]