Posted By: Gary R
Loan Participations - 03/06/01 08:18 PM
What effect do the FCRA and GLB Act have on Loan Participations? I can't seem to find anything that addresses participations.
It is part of the actual servicing of a transaction initiated by the consumer.
Now, if the participation is for a business loan, hopefully you have the authorization in file from the principals to have run their consumer credit reports.