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#2130853 - 05/17/17 08:52 PM Federal Tax Lien Reason for Denial
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,333
What Reg B reason for denial would be appropriate for a Federal Tax Lien? Is that a "garnishment or attachment"? Or would it be a "collection action or judgment", or would it be simply "delinquent credit?"
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#2130873 - 05/18/17 12:14 PM Re: Federal Tax Lien Reason for Denial swiggles
burke116 Offline
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Posts: 542
RVA
We just recently ran into this and used the "other" category so that we could accurately describe it ("other: unsatisfied tax lien").

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#2130876 - 05/18/17 12:30 PM Re: Federal Tax Lien Reason for Denial swiggles
Island Dreaming Offline
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midwest
Swiggles - we would use collection action or judgment.
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#2130894 - 05/18/17 01:35 PM Re: Federal Tax Lien Reason for Denial swiggles
swiggles Offline
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swiggles
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A federal tax lien attaches to certain property......why I thought it should be "garnishment or attachment."
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#2130949 - 05/18/17 04:19 PM Re: Federal Tax Lien Reason for Denial swiggles
Island Dreaming Offline
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Joined: May 2009
Posts: 218
midwest
We've used collection action or judgment as they show in that section of the credit reports we pull. I can see your reasoning as well.
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#2130987 - 05/18/17 06:39 PM Re: Federal Tax Lien Reason for Denial swiggles
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,333
....just don't want to get dinged for the use of an incorrect reason or the absence of one......

The loan officer used collection action/judgment so I guess I will leave it at that....
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