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#1395494 - 05/25/10 02:18 PM Web LoanApplication
Kari Offline
100 Club
Kari
Joined: Sep 2002
Posts: 131
PA
I have been reading and reading 12 CFR 226.5 over and over. We have a pdf of a residental mtg application on our website. It must be printed and brought to the bank, you cannot fill it out on line. We have a link to required disclosures, however, you can bypass the link to obtain a disclosure. Am I correct in reading 225.5 that this is not satisfactory? I am trying to prove in writing that this is not correct in that the link cannot be bypassed before getting the application. HELP, please!

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Lending Compliance
#1395508 - 05/25/10 02:30 PM Re: Web LoanApplication Kari
Mrs. Rizzo Offline
10K Club
Mrs. Rizzo
Joined: Mar 2006
Posts: 10,392
Curled up by the fire...
Check 226.17
_________________________
Take responsibility for your life.

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#1400123 - 06/05/10 12:04 PM Re: Web LoanApplication Kari
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,180
Toano, VA
Section 226.5 does not apply to closed-end credit.
_________________________
...gone fishing.

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