This should be collected at the time of application whenever there are co-borrowers, co-signers, or guarantors.
What is the Intent to Apply Jointly?
100
This is the number of days you must wait to close a loan after initially disclosing the Early Truth in Lending.
What is 7 business days?
100
These types of loans are not subject to RESPA.
What are HELOCs and Bridge Loans?
100
Loans secured by this type of collateral trigger the flood rules.
What is real property with a building or a mobile home?
100
This disclosure has to be provided to a consumer whenever their credit report is pulled for a new loan transaction.
What is the Credit Score Disclosure/Risk Based Pricing Notice?
200
You have this number of days from the date a completed loan application is received to communicate your loan decision to the applicant(s).
What is 30 days?
200
If the APR changes by more than this percentage on a regular loan, the Early Truth in Lending must be re-disclosed.
What is .125%? (Or 1/8 of a percent)
200
RESPA Early Disclosures must be provided to applicants within this number of business days after receiving an application.
What is three business days?
200
This disclosure must be provided promptly upon determining real estate collateral is in a Special Flood Hazard Area.
What is the Notice to Borrower?
200
This disclosure accompanies the Credit Score Disclosure when the loan is real estate secured.
What is The Notice to Home Loan Applicant?
300
This disclosure must be given within 3 business days of application for a consumer loan secured by a dwelling (and commercial loans to be secured by a first lien on a dwelling).
What is the Appraisal Notice Disclosure?
300
This cannot be included in the Fed Box of the TIL if the borrower does not have qualified deposit accounts with FIB at the time the loan is originated.
What is Right of Setoff?
300
Before requesting income documents from a borrower, you must first receive this.
What is the Intent to Proceed?
300
This is the easiest and most common method of determining the insurable value of improvements.
What is the building coverage amount from the hazard insurance policy?
300
First Interstate’s policy is to provide the Credit Score Disclosure to borrowers within this number of days from pulling credit (for non-dwelling secured loans).
What is 3 business days?
400
This form is used to document Appraisal Notice delivery, Appraisal delivery, and a waiver, if applicable, for non-RESPA loans.
What is the Appraisal Documentation Form?
400
This must be given to consumers when they have an ownership interest in the collateral, and the collateral is their primary residence.
What is Right of Rescission?
400
In order to re-disclose a Good Faith Estimate, you must have a valid what?
What is Changed Circumstance?
400
A detached garage can be included in an NFIP dwelling insurance policy when this is the amount of insurance required (the least of the three)?
What is the loan amount?
400
If one of these shows up on a credit report, you must verify the information with the borrower and document the reason for it.
What are ID mismatch alerts or High Risk Fraud alerts?
500
A borrower’s waiver of their right to receive a copy of their appraisal at least 3 business days prior to closing must be received when?
What is at least 3 business days prior to closing?
500
This test must be run on every consumer loan secured by a principal dwelling, except for the initial construction of a dwelling.
What is the HCML (HOEPA) test?
500
These cannot be included on the HUD-1, even if they were disclosed on the Good Faith Estimate.
What are fees for services not purchased for the transaction?
500
A flood determination can only be reused for a Change in Terms if it is less than this number of years old.
What is 7 years old?
500
These two items must be documented for the delivery of Credit Score Disclosures.