Learn More - Click Here!

New Reply
Post Icon
Smilies Insert Link Insert Email Link Insert Image Link Insert Media Tag List Bold Italic Underline Strike-through Spoiler Quote Font Color Fonts Font Size
Make textarea smaller
Make textarea bigger
Post Options

HTML is disabled.
UBBCode is enabled.
Poll Manager (Total Polls: 0)

In Response To:
Thread Starter: ComplyCycle
Title: Re: Prohibition against requiring loan payment via ACH

Would offering a grant to reduce the loan amount qualify as an "incentive" thus allowing a bank to mandate autopayment/ACH? If the borrower refused autopayment/ACH, then the grant funds would be unavailable to them.

In my opinion, a grant is an incentive that would allow the bank to mandate autopayment/ACH.

Thoughts, please? Thank you.