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#2233289 - 03/19/20 02:21 PM Notice of Negative Information
FSBT Offline
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FSBT
Joined: Apr 2002
Posts: 109
Texas
How are other banks handling their Notice of Negative Information to loan customers? Do they give notice at the time the loans are made (signed) or do they give notice after that date? Do they give notice at the time they send the customer a past due notice?

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Lending Compliance
#2233291 - 03/19/20 02:50 PM Re: Notice of Negative Information FSBT
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 78,958
Galveston, TX
Many banks just print it on all past due notices. Some give it at the time the loan closes.
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#2233294 - 03/19/20 03:23 PM Re: Notice of Negative Information FSBT
Adam Witmer Offline
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Joined: Sep 2010
Posts: 2,614
And some do both just because. Either option Randy explained is sufficient.
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Adam Witmer, CRCM

All statements are my opinion, not those of my employer, and should not be taken as legal advice.
www.compliancecohort.com

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