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#1881315 - 12/24/13 05:21 PM Early Disclosures
notuntermywatch Offline
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Joined: Jun 2006
Posts: 392
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.


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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

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

Say you'll haunt me - Stone Sour

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