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#2002630 - 03/19/15 03:36 PM Joint Credit Report Fee
beegee Offline
Diamond Poster
Joined: Feb 2004
Posts: 1,110
South
I know credit report fees for unmarried joint applicants was a hot topic and we changed our pricing in order for unmarried joint applicants to have the same pricing for married joint applicants.

How does this affect, say, parent/child or siblings who apply for a loan?

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Fair Lending
#2002701 - 03/19/15 06:34 PM Re: Joint Credit Report Fee beegee
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,656
Florida
A creditor cannot disadvantage (their word for charge more) unmarried joint applicants (and my assumption is that parent/child - siblings, etc.) are unmarried to each other, therefore in all the cases you mentioned - unmarried joint applicants. .
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#2023329 - 06/26/15 02:55 PM Re: Joint Credit Report Fee beegee
Antilles Offline
100 Club
Antilles
Joined: Jan 2007
Posts: 227
Southern US
Is there a citation within the regulation or guidance documentation for this?
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#2023336 - 06/26/15 03:01 PM Re: Joint Credit Report Fee beegee
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,363
Galveston, TX
Citation?

You cannot discriminate based on marital status.

Charging unmarried applicants more than married applicants for anything equates to discrimination based on marital status, unless properly supported through a business necessity argument.

Not sure how you can make that argument in this case?
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