If the lender receives an application that is incomplete and they don't send a notice of incompleteness, what happens on day 30 if they still haven't received everything that the applicant can complete?
-- Can the lender keep the application open and try to get the other items from the applicant while they're waiting on the items needed from third parties to make the application complete?
-- Or is the lender required to issue a notice of approval, denial, or counteroffer within those first 30 days since they didn't send the applicant a notice of incompleteness?
Thanks,
Larry