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#2179583 - 05/24/18 03:25 PM Lending Criteria Pamphlet or Brochure
JoAnne Offline
Platinum Poster
Joined: Feb 2001
Posts: 795
Michigan
The Mortgage Lending Practices Act says that each credit granting institution shall make available for public distribution at the institution's principal office and each branch office or service center a pamphlet or document explaining in general terms the credit granting institution's criteria for the approval or denial of a loan application.

My question is: Does the Lending Criteria pamphlet or brochure need to be displayed/available at LPO's that are not open to the public? What about LPOs where MLO's may work out of and possibly meet with clients occasionally?
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#2179586 - 05/24/18 03:34 PM Re: Lending Criteria Pamphlet or Brochure JoAnne
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 78,572
Galveston, TX
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2212615 - 05/01/19 08:29 PM Re: Lending Criteria Pamphlet or Brochure JoAnne
TomS Offline
Gold Star
Joined: Jan 2004
Posts: 315
USA
I don't see the need to display the brochure in an LPO that is not open to the public, but if it's an LPO where an MLO may meet with clients occasionally, then I would make the brochure available.
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