July 3, 2014 - 3:58pm
#1
We offer CUNA insurance on our loan products for life and disability. When performing a lending audit, we validate the numerics on the disclosure (APR, monthly payment, total finance charge) using an independent method from our Harland system's Reg Z calculator which incorporates the monthly insurance premium. For those CU's who offer insurance on loan products, what does your shop use to validate disclosures?
