Making changes to an existing loan can be a challenging endeavor, especially in today’s dynamic regulatory environment. Lenders face requests to change loans for a variety of reasons, whether it be to obtain better terms, extend loan terms, or perhaps because of delinquency or default. What are the relevant compliance implications when dealing with these requests? What types of disclosures must be provided, if any? Must new appraisals or flood determinations be obtained? Must rescission rights be provided? We’ll provide answers to all these questions and more.
This webinar will deal with the ins and outs of making changes to loans of all types. We’ll discuss the compliance and legal requirements, operational challenges, and impacts to borrowers, guarantors, and other parties to the loan. We’ll also deal with the threshold question: should the lender grant the borrower’s request in the first place (and if so, what accommodations or changes should be made)?
