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#2253759 - 05/11/21 04:00 PM Charging customer fees
Compliance Newbie Offline
Member
Joined: Jan 2015
Posts: 67
Is there a regulation out there that limits the amount we can charge applicants for credit reports. Let's say a couple who are not married or a brother and sister apply. Can we run these reports jointly? or if we run these credit reports individually should we only charge them for a joint credit report at closing?

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#2253762 - 05/11/21 04:39 PM Re: Charging customer fees Compliance Newbie
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 78,584
Galveston, TX
I think that most credit bureaus adjusted their fee schedule a while back so that a single report was 1/2 of a joint report after all of the fair lending kerfuffle that this situation caused.
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#2253764 - 05/11/21 05:04 PM Re: Charging customer fees rlcarey
Compliance Newbie Offline
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Joined: Jan 2015
Posts: 67
Thanks

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#2253767 - 05/11/21 05:20 PM Re: Charging customer fees Compliance Newbie
Skittles Offline
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Skittles
Joined: Sep 2002
Posts: 13,963
TN
And charging a couple 'who are not married' differently violates Reg B's limitations. Your bank would be treating them differently based on marital status.
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