Applicant has an ITIN (no SSN), it is valid for three years from the date it was issued. Applicant is applying for a car loan, should we tailor our loan terms on the fact that this ITIN is only valid for two more years? Or should this have absolutely no bearing on loan terms?
Maybe the ITIN isn't the document we should be worried about (as far as how long the individual may remain in the US - what document is this, their visa/green card)? Question is if we have reason to believe the applicant may have limited time in the US, can we tailor our loan terms on this? or would this present fair lending concerns?