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#1453675 - 10/08/10 06:57 PM 3rd party request for loan docs
alwood Offline
Junior Member
Joined: Feb 2010
Posts: 27
Alabama
We have been contacted by what can essentially be called a debt elimination company requesting documents on behalf of a borrower. It does appear that our borrower signed a document authorizing us to release the documents to them. Are we under any obligation to do so?

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Lending Compliance
#1453681 - 10/08/10 07:05 PM Re: 3rd party request for loan docs alwood
NotDoneYet Offline
Gold Star
NotDoneYet
Joined: Jul 2010
Posts: 482
PA
Wasn't there something released by one of the regulators to not do it for debt elimination companies? Might have been the OCC.

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#1453684 - 10/08/10 07:08 PM Re: 3rd party request for loan docs alwood
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
Good question for your attorney, but IMO no.
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The opinions expressed are mine and they are not to be taken as legal advice.

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