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#2137451 - 07/10/17 09:34 PM Odd question??
rrush Offline
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Joined: Dec 2011
Posts: 74
We had someone apply for a loan, the officer told him he was denied 2 days after applicaiton. In the process of sending the paperwork to get the denial letter issued and sent out, he passed away. I am probably over thinking this... Should we finish the Adverse Action letter and mail it out?

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#2137456 - 07/10/17 10:01 PM Re: Odd question?? rrush
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 78,584
Galveston, TX
Personally, I would not. I would document the file. No use disturbing the remainder of the family.
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#2137472 - 07/11/17 12:51 PM Re: Odd question?? rrush
rrush Offline
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Joined: Dec 2011
Posts: 74
Thanks

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#2137720 - 07/12/17 03:27 PM Re: Odd question?? rrush
Richard Insley Offline
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Richard Insley
Joined: Oct 2000
Posts: 10,030
Toano, VA
Good advice. If you're still uneasy with a conclusion that might be questioned at some future date, look at it this way: the applicant is no longer a "consumer" (a natural person) and the credit request no longer meets the definition of "consumer credit."
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