Skip to content
BOL Conferences
Learn More - Click Here!

Thread Options
#1451644 - 10/05/10 02:48 PM Marital Purpose Statement
Uh huh Offline
New Poster
Joined: Nov 2009
Posts: 16
If a spouse owns a business like a bar or rentals and gets a loan in just there name do they need to have the marital statement on the note if for business purpose?

My understanding is all obligation incurred by the spouse are presumed to be in the interest of the marriage or family.
Does it matter if it is business or personal?

thanks

Return to Top
#1452054 - 10/05/10 09:19 PM Re: Marital Purpose Statement Uh huh
BowlingQueen Offline
Power Poster
Joined: Mar 2007
Posts: 2,920
Wisconsin
I think the thread below may answer this for you.

http://www.bankersonline.com/forum/ubbthreads.php?ubb=showflat&Number=441916

Hope it helps! smile
_________________________
Nothing changes, if nothing changes. (from a good friend of mine) smile

Return to Top