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In Response To:
Thread Starter: Anonymous
Title: Re: How to document fair lending business necessity

I'm just asking if there are general templates. So, we have different rates based on a few different factors/logic: age of vehicle (higher maintenance cost on collateral), amount of loan (man hours needed to book/service loan), credit score (higher risk of default).

Are other banks including the business necessity justification on their rate sheet? loan policy? a separate doc entirely? Is there a standard form or would just having spreadsheets with my calculations documented *somewhere* suffice?