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#1547584 - 05/06/11 06:00 PM Commercial loan turndown
HR Banker Offline
Diamond Poster
Joined: Oct 2002
Posts: 1,026
Does a turndown for a commercial loan require the Reg. B adverse action notice? Do all the same rules apply for consumer and commercial loans for a turndown?

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Lending Compliance
#1547602 - 05/06/11 06:09 PM Re: Commercial loan turndown HR Banker
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,277
Reg B, 202.9 (a)(3) has the requirements for adverse action for commercial loans.
Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy

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