Thread Starter: ComplyCycle
Title: Re: Prohibition against requiring loan payment via ACH
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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.
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