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#1699392 - 05/14/12 10:39 PM Indirect Lending
husker14 Offline
Member
Joined: Aug 2005
Posts: 50
In the indirect auto lending world, what is the bank's responsibility when an auto dealer sends out an application to multiple lenders, a lender approves the deal, but the deal goes to another lender. Does the first lender send out an approval letter anyway???

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Lending Compliance
#1699942 - 05/16/12 03:08 AM Re: Indirect Lending husker14
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,935
Galveston, TX
This should all be governed by your dealer agreement.
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