Skip to content
Thread Options
#1900321 - 02/26/14 08:35 PM Risk Based Pricing
wblewis935 Offline
Joined: Feb 2011
Posts: 53
My bank charges a higher interest rate on mortgages that 1) are low dollar loans (mtgs under 10K) and 2) on loans with a LTV of greater than 80%.

Obviously, we send risk-based pricing notices customers who are charged a higher rate due to their credit score. Is there any disclosure/notice that is required for loans with higher rates for the reason that I explained above?

Return to Top
#1900333 - 02/26/14 08:55 PM Re: Risk Based Pricing wblewis935
rlcarey Offline
10K Club
Joined: Jul 2001
Posts: 79,618
Galveston, TX
The opinions expressed here should not be construed to be those of my employer:

Return to Top
#1900507 - 02/27/14 01:43 PM Re: Risk Based Pricing wblewis935
edAudit Online
Power Poster
Joined: Jul 2008
Posts: 4,779
You are here
If this is your review make sure that Fair lending is not an issue because of the rate may negatively impact minorities.
Opinions can be considered as coming from anywhere but my employer.


Return to Top

Moderator:  Andy_Z