Would you explain, please, the difference (if any) in treating income and debts jointly or separately for co-signers vs. for joint applicants?
We are dealing with the problem of credit reporting on bankrupt accounts. Our reporting is done at the loan level therefore non bankrupt co-borrowers are affected. Can we just suppress reporting?
Is joint intent required at application or at a completed application status? The question arose, because if joint intent is not
established at application, can any change prior to a completed application status be considered contemporaneous?
On a consumer purpose loan secured by the borrowers' home, is it required to give a co-signer (not an owner of the home) the Servicing Disclosure, and the Credit Score Disclosure?
Reg AA, Sec. 227.12 Definitions defines a cosigner. Is a co-maker defined the same way?
Is a Reg B Notice of Intent to Apply for Joint Credit needed when a Cosigner is used?
When a consumer loan has a cosigner, does the cosigner have to supply an application and do we need to run a credit report? What other documents are required from the cosigner?
Question: When a loan has two borrowers who live at different addresses does the bank need to provide the negative information notice to both individuals, or is one sufficient?
What are the separate definitions of a co-signer and a co-borrower?
There is almost no area of banking where the future and present responsibilities change as often and as drastically as the front line.