On a Business Purpose loan where the collateral is held by inventory do you have to provide an ECOA Disclosure? What about if the collateral is Real Estate?
Thanks!!!

There is no federal requirement to provide an ECOA disclosure.

David

Then how come it seems everyone has the disclosure?? Usaully, "if the box is checked is applies" type senario. along with Right to appraisal , right to credit report, and a general authorization form.

I guess I would have to ask specifically which ECOA disclosure are you referring to and when is it supposedly given?

A lot of these forms(as part of the application) have a general dislosure which has (if check) right to an appraisal, Right to a copy of credit report and it includes a general authorization to process their request. Then it has the ECOA notice of non-discrimination. But when I look at reg B, I can only find that the wording for the ECOA notice goes on the adverse action.