Reg B – Listing Order of Applicants
David Dickinson, BOL Guru Guru Bio
Question: Does Reg B make any specification as to the order of the applicants on the loan? Do the applicant and co-applicant have to be listed in the same order on the loan?
Want a raise? Increase salary and establish professional accreditations with eLearning Certificate courses from Banker's Academy!
Answer: No, but I caution you from listing them any differently than how they are listed on the application. When I was an examiner, we often looked more closely at loans (for fair lending reasons) where the female was the "applicant" and the male was the co-applicant, yet on the note, he was listed first. A sign of sexual discrimination?
BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.
Print Friendly!
Email This Article!
Discuss NOW!
