Skip to content
GeoDataVision
Thread Options
#1363087 - 03/24/10 05:02 PM Potential Layoffs & Adverse Action
taylor Offline
New Poster
Joined: Dec 2004
Posts: 20
My bank's credit decisions are judgmental. The county we operate in plans to have a huge layoff of staff. We have a loan applicant that works for the County, in a 3-person office. 2 of the 3 individuals that work in the office will be dismissed. The loan applicant is not sure if she will or will not have a job. My question is can the Bank factor in the uncertainty of the applicant's future employment when determining whether they have the capacity to handle the credit obligation?

Return to Top
Lending Compliance
#1363267 - 03/24/10 07:14 PM Re: Potential Layoffs & Adverse Action taylor
Always In Training Offline
Diamond Poster
Joined: Jul 2006
Posts: 1,111
Where the Green Grass Grows
No. Can't base your decision on whether or not the customer "might not" have a job. That applies to all of us. See that Need to be anonymous thread for something similar.

Return to Top

Moderator:  Andy_Z