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#191218 - 05/18/04 02:24 PM Conditions of a Loan Request
Anonymous
Unregistered

Is there a regulation that prohibits the bank from making a loan to a customer only if they agree to move their other accounts to our bank. I can't find any but am not sure this is right?

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Lending Compliance
#191219 - 05/18/04 02:30 PM Re: Conditions of a Loan Request
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
As long as the accounts are traditional bank accounts this is allowable.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#191220 - 05/18/04 02:31 PM Re: Conditions of a Loan Request
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
Galveston, TX
No regulation would prohibit it.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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