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#1151264 - 03/25/09 06:35 PM CREDIT SCORE DISCLOSURE
Kristi Offline
Joined: Feb 2005
Posts: 94
For a loan secured by a 1-4 family and the loan officer relies on an old credit report, do you need to provide the Credit Score disclosure even though it's old information?

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#1151485 - 03/25/09 08:43 PM Re: CREDIT SCORE DISCLOSURE Kristi
CSB98 Online
Diamond Poster
Joined: Dec 2003
Posts: 1,330
Yes, because you are still relying on information in the credit report.

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#1151677 - 03/26/09 01:04 PM Re: CREDIT SCORE DISCLOSURE CSB98
Dan Persfull Online
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,486
Bloomington, IN
I agree. The date the score that was used was generated is one of the required bits of information that must be disclosed in the disclosure.
The opinions expressed are mine and they are not to be taken as legal advice.

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#1151916 - 03/26/09 03:17 PM Re: CREDIT SCORE DISCLOSURE Dan Persfull
Jerseygirl Offline
Platinum Poster
Joined: Apr 2005
Posts: 684
Jersey Shore
Was the loan denied? - then I agree with Dan

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#1151936 - 03/26/09 03:32 PM Re: CREDIT SCORE DISCLOSURE Jerseygirl
ktac MITCH Offline
Diamond Poster
ktac MITCH
Joined: May 2005
Posts: 1,813
Giant side of TX
Jersey girl = I am not following you?
The disclosure is required to be given to Home Loan Applicants, meaning all applicants - approved - denied - withdrawn . . .
My opinions are just that, and might be worth what you paid for them.

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