Skip to content
GeoDataVision
Thread Options
#1678219 - 03/15/12 06:59 PM Consumer Loan Apps & Reg B
BankerChic24 Offline
Junior Member
Joined: Jul 2011
Posts: 45
Midwest
We are getting ready to order new consumer loan apps. Is there anywhere in Reg. B that says where you have to include the We Intend to Apply for Joint Credit" box? We have it at the top of the app now, but one of our loan officers wanted to know if it could be moved down by the signature line of the app. Does anyone know if this is acceptable?
_________________________
Success is getting what you want, Happiness is wanting what you get...

Return to Top
Lending Compliance
#1678310 - 03/15/12 08:16 PM Re: Consumer Loan Apps & Reg B BankerChic24
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
I don't think it's even required (on the app). Some banks use a separate form altogether, so you should be okay either way.
Last edited by RR Joker; 03/15/12 08:16 PM.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

Return to Top
#1678340 - 03/15/12 08:42 PM Re: Consumer Loan Apps & Reg B BankerChic24
Reads Regs Offline
Diamond Poster
Joined: Nov 2004
Posts: 2,294
The model application forms in Appendix B to Reg. B have the language on them. There is a safe harbor for compliance if you use them. Appendix B
_________________________
Opinions expressed are my own and not necessarily those of my employer. They are not legal advice.

Return to Top

Moderator:  Andy_Z