We have a loan file in which the initial and final application is checked I do not wish to furnish GMI Information. On the LAR, we have entered the codes (3,6) that information was not provided by applicant for Ethnicity and Race and we entered the code 1 (male) for gender. The applicant’s Driver’s License is in the file and the application was taken by telephone. I am looking at Appendix B to Part 203. It says if the applicant chooses not to provide the information for an app taken in person, we should note the fact and then basically complete the information the best we can based on visual observation and surname but if app is taken by phone we need not provide the info and mark that the app was taken by phone, etc. The Driver’s License in file is what is confusing me – should we use them to make best determination and complete the GMI information or should we follow instructions based on telephone app in Appendix B?
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Trust in the Lord with ALL your heart...Prov 3:5-6