Our loan policy requires a written loan application for every consumer loan. That doesn't mean that the application has to be completed and signed by the applicant. It can be conveyed orally and reduced to writing by the loan officer.....keeping in mind that there is a Reg B disclosure that must be stated orally by the lender prior to the applicant disclosing certain types of income. Depending upon your consumer loan application form, there may be other disclosures that need to be covered....such as joint intent. Joint intent has to be signified every time someone applies I know you said this is an individual, however). But those reasons are why most banks use written consumer loan application forms.....just my opinion. Was the officer going to use the same credit report? There's another can of worms..
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The more you sweat in training, the less you bleed in battle.......