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#1488659 - 01/03/11 09:19 PM Is this Fair Lending?
txgal, CRCM Offline
Junior Member
Joined: Jul 2006
Posts: 44
Texas
We have a large company who has approx. 100 + employees who banks with us. One of our loan officers wants to offers this company's employees discounted loan rates. Are we allowed to do this or do we have to offer it to all other companies' emp.?

Thanks!

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Lending Compliance
#1488800 - 01/04/11 01:35 PM Re: Is this Fair Lending? txgal, CRCM
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 77,247
Galveston, TX
Many banks have special account packages available for employees of corporate customers.
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#1505582 - 02/04/11 08:18 PM Re: Is this Fair Lending? rlcarey
InFairness, CRCM Offline
Platinum Poster
InFairness, CRCM
Joined: Nov 2010
Posts: 567
USA
We have programs like this for employees of companies that bank with us. We flag them so the reason for discount is clear when we or our examiners do a fair lending pricing analysis.
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Opinions are strictly my own, and have nothing to do with my employer.

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