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#2040941 - 09/28/15 06:01 PM Deposit Account Denial & Withdrawal of Application
kiemo Offline
Gold Star
kiemo
Joined: Jan 2009
Posts: 267
MidUS
Although Regulation B doe not require notification of denial when an applicant has withdrawn an application, is there any negative reasoning if an adverse notice has been sent with principal reason : Customer withdrew application ??? thank you.

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#2040949 - 09/28/15 06:28 PM Re: Deposit Account Denial & Withdrawal of Application kiemo
Rocky P Online
Power Poster
Joined: Jun 2003
Posts: 7,659
Florida
The bank did not make the decision, the customer did.
There is no adverse action by the bank, and sending it out is not the intent of the form. The form is used to tell the customer what they need to improve to get a loan.
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