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#1865057 - 10/25/13 03:34 PM FCRA 609(g) & Other Disclosures
Cheli Offline
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Cheli
Joined: May 2013
Posts: 919
Good morning!

I have Loan Officers asking if it OK to send the Disclosure of Credit Scores FCRA section 609(g)to their borrower with the other, initial loan disclosures required under the other regulations; when there is only 1 applicant? I have always had them send 1 mailer, with private envelops for the disclosure that includes the "Credit Score and Understanding Your Credit Score, Notice to Home Loan Applicant and Key Factors." (If they are at the same address) - Can I allow the LO's to mail the initial loan disclosures and the credit disclosures listed above, together without a separate envelope, if there is only one applicant?

Thoughts? I can't find anything that addresses this specifically. (??)

Thank you-

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#1865061 - 10/25/13 03:40 PM Re: FCRA 609(g) & Other Disclosures Cheli
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 78,941
Galveston, TX
There is no requirement that any of these disclosures are to be mailed separately, if that is what you are asking.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1865136 - 10/25/13 05:40 PM Re: FCRA 609(g) & Other Disclosures Cheli
Cheli Offline
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Cheli
Joined: May 2013
Posts: 919
Yes- I can send all disclosures together without separating the credit disclosures for privacy purposes?

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#1865143 - 10/25/13 05:44 PM Re: FCRA 609(g) & Other Disclosures Cheli
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 78,941
Galveston, TX
privacy purposes

I'm confused, I thought there was only one applicant. What privacy concerns??
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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