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#352996 - 04/28/05 10:04 PM Sold Loans
Anonymous
Unregistered

According to the new interagency guidance, if we sell a loan the account is considered "closed" for retention purposes. Does that also mean that if that individual comes in to open a new account a few months from now that they are no longer an existing customer if they had no other accounts except the sold loan? We do retain servicing rights on all sold loans.

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#352997 - 04/28/05 11:03 PM Re: Sold Loans
GreatBlue Offline
Diamond Poster
GreatBlue
Joined: Feb 2003
Posts: 2,362
Colorado
That's the conclusion I would reach. They apparently don't consider servicing a loan to be an account. That does raise some interesting issues.
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