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#2242132 - 09/08/20 06:30 PM Adverse Notice for Modification denial
compliance75 100 Club Joined: Oct 2016 Posts: 105	Under the emergency guidelines, are we required to send denial letters for requests to modify the payments due to Covid? we have not denied too many, but sometimes the requests cannot be approved. Thank you,
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Lending Compliance

#2242133 - 09/08/20 06:45 PM Re: Adverse Notice for Modification denial compliance75
rlcarey 10K Club Joined: Jul 2001 Posts: 83,371 Galveston, TX	https://www.federalreserve.gov/boarddocs/caletters/2009/0913/caltr0913.htm _________________________ The opinions expressed here should not be construed to be those of my employer: PPDocs.com
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#2242137 - 09/08/20 06:56 PM Re: Adverse Notice for Modification denial compliance75
compliance75 100 Club Joined: Oct 2016 Posts: 105	This is good! Thank you,
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#2242139 - 09/08/20 07:01 PM Re: Adverse Notice for Modification denial compliance75
compliance75 100 Club Joined: Oct 2016 Posts: 105	Would this apply to the CARES act as well?
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#2242150 - 09/08/20 08:30 PM Re: Adverse Notice for Modification denial compliance75
rlcarey 10K Club Joined: Jul 2001 Posts: 83,371 Galveston, TX	I am not aware that the CARES Act modifies any Regulation B requirements. _________________________ The opinions expressed here should not be construed to be those of my employer: PPDocs.com
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#2242315 - 09/11/20 02:36 PM Re: Adverse Notice for Modification denial compliance75
compliance75 100 Club Joined: Oct 2016 Posts: 105	Thank you rlcarey!
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