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#2244817 - 10/29/20 06:43 PM Credit Reports-Commercial Loan
JMcGee Offline
New Poster
Joined: Sep 2020
Posts: 9

I am unable to find anything on when does a credit report expire on commercial loans.

Does anyone know?

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Lending Compliance
#2244829 - 10/29/20 07:25 PM Re: Credit Reports-Commercial Loan JMcGee
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 46,765
Bloomington, IN
The reuse of a credit report would be dependent on your loan policy and if your contract with your provider allows the reuse of the report for permissible purposes.
The opinions expressed are mine and they are not to be taken as legal advice.

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#2244988 - 11/03/20 02:05 AM Re: Credit Reports-Commercial Loan JMcGee
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
"When does a credit report expire?" There are LOTS of reasons that you should never re-use a credit report. Start with the contract you have with your provider - as Dan states. I'll bet they say it is a one time use. Don't you think they want you to pay for another? So even if you're policy says you can reuse a report, it's most likely a violation of the contract.
David Dickinson

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