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#1678219 - 03/15/12 06:59 PM Consumer Loan Apps & Reg B
BankerChic24 Offline
Junior Member
Joined: Jul 2011
Posts: 45
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?
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Lending Compliance
#1678310 - 03/15/12 08:16 PM Re: Consumer Loan Apps & Reg B BankerChic24
RR Joker Offline
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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.

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#1678340 - 03/15/12 08:42 PM Re: Consumer Loan Apps & Reg B BankerChic24
Reads Regs Offline
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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.

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