Thread Starter: rlcarey
Title: Re: Potential ECOA/Reg B violation
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As long as the loan officer denies the loan within three business days of receipt of the application, you are done. If they do not, then you need to get your disclosures out.
Yes, of course they have to be reported.
Leaving such credit decisions in the hands of individual loan officers in this day and age is a huge fair lending risk.
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