Under the proposal can we use social media to contact a debtor?
What might happen if we don't have a system to track complaint resolutions?
What is a reasonable threshold for UW and Pricing Exceptions for fair lending monitoring? is a 10% threshold reasonable ?
Wife applies for an auto loan by herself and is approved. Subsequent to signing the loan agreement, the husband wants to be added to the loan as a co-borrower in order to get on the title of the vehicle. No new application is taken and the creditworthiness of the husband is not verified. Is there a joint intent issue here?
How are we supposed to really get joint intent on telephone applications when we don’t know the applicants to know if that really is a spouse or parent wanting to be joint?
Where can I find regulatory citation regarding the retention of copy of driver's license from CIP process on a loan application? Is it okay to retain in loan file or separate CIP file? Our concern is possible fair lending implications.
What is a loan application?
If we take a loan app over the phone, web page or in person, how long do we have to keep each?
If the law has changed, why can’t we make changes now?
It seems that the MLA DMDC database is more complete than the SCRA DMDC database. For SCRA purposes, can we use the MLA DMDC for SCRA purposes?