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#2041487 - 09/30/15 03:40 PM Social Security Card-Valid For Work Only
sandycu Offline
Junior Member
Joined: Mar 2006
Posts: 33
michigan
Can we open an account for someone whose Social Security Card says it is "Valid For Work Only"?

What about extending credit?

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#2041637 - 09/30/15 07:28 PM Re: Social Security Card-Valid For Work Only sandycu
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Yes to both, there are no restrictions on the use of a TIN provided for work purposes only. It simply means the poor sap is not allowed to participate in our Social Security System.

It would be reasonable to assume the fact that the borrower is not a U.S. person would be a factor in underwriting the loan, but you can certainly make it if you want to.
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