What should I not tell a loan officer?

What should I not tell a loan officer?

10 things NOT to say to your mortgage lender

• 1) Anything Untruthful.
• 2) What’s the most I can borrow?
• 3) I forgot to pay that bill again.
• 4) Check out my new credit cards!
• 5) Which credit card ISN’T maxed out?
• 6) Changing jobs annually is my specialty.
• 7) This salary job isn’t for me, I’m going to commission-based.

Can I sue my mortgage company for not paying my insurance?

Section 6 of the Real Estate Settlement Procedures Act (RESPA) requires that mortgage lenders make escrow account disbursements on time. If they fail to do so, a borrower can file a lawsuit against them under Section 6.

How do you know if a mortgage company is legit?

First, check out the loan company on your local BBB website. Then do a quick online search and look up customer reviews. Finally, check with your state’s attorney general to make sure that the lender is registered with the proper state government agencies.

Can I sue a bank for negligence?

It’s possible to sue a bank’s directors for negligence, and the FDIC has even been known to file suits of malpractice against banking leaders.

Can you take legal action against a bank?

With that said, it may be possible to sue banks in small-claims court or through class-action lawsuits. Beyond filing a lawsuit, you have the option of filing a complaint with a government agency about your concern with the bank, which can still result in you getting financial relief.

How do you file a complaint against a bank?

One can file a complaint with the Banking Ombudsman simply by writing on a plain paper. One can also file it online at (“click here to lodge a complaint”) or by sending an email to the Banking Ombudsman. There is a form along with details of the scheme on our website.

Which bank has most complaints?

1. TCF National Bank.
2. Citizens Bank.
3. Fifth Third Bank.
4. SunTrust Banks.
5. Comerica.
6. U.S. Bank.
7. Citibank.
8. Wells Fargo.

Is depositing a fake check consequences?

The consequences of depositing a fake check are serious — if the check is fraudulent and bounces, your bank has the right to withdraw the funds from your account, which can leave you with a negative balance and overdraft fees.

Who is liable for an altered check?

The bank is liable to paying a check that has been materially altered. This means that the check was changed in some way that modifies the obligation of a party or includes an unauthorized addition of words or figures. For example, the recipient of the check may change the amount from $10 to $100.

What does it mean if a check is altered?

An altered check is a check or another negotiable instrument that has been materially and maliciously altered to effect a fraud. Usually, either the name of the payee, the amount of the check, or the date is changed.

Is altering a check a crime?

Yes. The crime does not require that someone actually be defrauded or suffer a financial, legal, or property loss as a result. The minute you commit the act of altering a check or passing it off, you are liable for check fraud.

How do I know if my bank account is open?

For most banks this information should be available in the account section of your online banking account, but this will differ depending on who your bank account is with. You could also look back through old current account bank statements (either online or if you have the hard copies) to see when the first one was.

How do ATMS verify checks?

With a direct-scanning ATM, it’s different: Once a check is inserted and scanned, the machine reads the magnetic characters and uses Optical Character Recognition (OCR) software to capture the account information and the handwritten dollar amount.

How big of a check can you cash at an ATM?

These limits are usually set at a maximum of $300-$500. This is done to prevent customers who require large amounts of money from quickly depleting the machines. Most ATMs will rarely need a visit by an authorized bank representative.