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#1881315 - 12/24/13 05:21 PM Early Disclosures
notuntermywatch Offline
Gold Star
Joined: Jun 2006
Posts: 392
MN
We received an app on 12/1 - made the decesion to deny on 12/2, but never sent the denial until now.

That denial notice needs to go out within 3 days to not give the early disclosures - right?

Or is the decesion just enough? I have always operated under the denial notice needs to go, but in reading the commentary id doesn't clearly state that.

Thoughts???

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Lending Compliance
#1881370 - 12/26/13 02:31 PM Re: Early Disclosures notuntermywatch
RR Joker Offline
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RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
Correct.

If you feel confident in your ability to document verbally communicating with the consumer the denial, that will suffice for timing purposes.
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My opinion only. Not legal advice.

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