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#20339 - 06/11/02 03:08 PM Privacy Notice Cite
Rick Tryon Offline
100 Club
Rick Tryon
Joined: Mar 2002
Posts: 169
Clinton IN, USA
If we have a current customer that we make a new loan for, do we need to give another privacy notice to them? Also please provide a cite from the law or reg. I need to read up on this. Thanks.
Opinions expressed here are mine, not necessarily my employers. This is not legal advice.

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Lending Compliance
#20340 - 06/11/02 03:13 PM Re: Privacy Notice Cite
Ted Dreyer Offline
Diamond Poster
Ted Dreyer
Joined: Apr 2001
Posts: 2,245
Not as long as the most recent notice that you provided is accurate with regard to the new loan. Section .4(d)(2) of the Privacy Notice regs is the cite.

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#20341 - 06/12/02 04:49 PM Re: Privacy Notice Cite
Martoon Offline
New Poster
Joined: Apr 2002
Posts: 23
Agreed, not as long as the existing notice is still accurate. We work with the Laser Pro / Harland system and it's set up to provide every consumer a privacy notice with their closing docs. CYA!!

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