That is a chicken or the egg question. Gathering joint intent is to prove that the signatories on the debt obligation are proper. If there is no loan, there are no signatories. However, the regulatory commentary indicates that joint intent should be determined at application.
Paragraph 7(d)(1).
3. Evidence of joint application. A person's intent to be a joint applicant must be evidenced at the time of application.
_________________________
The opinions expressed here should not be construed to be those of my employer:
PPDocs.com