Providing a customer a copy of their Credit Report

Posted By: Playin 88-Keys

Providing a customer a copy of their Credit Report - 10/05/09 04:05 PM

We have a difference of opinion in our institution. Once we pull a credit report for a customer requesting to open a deposit account, we have always said we are not suppose to provide that customer with a copy of his/her credit report.

We have a new Loan Doc. Prep system that will provide a "Customer Copy" if requested by the user. Is this allowed, is there a difference between providing for a "Deposit" vs "Loan" customer?
Posted By: HRH Okie Banker

Re: Providing a customer a copy of their Credit Report - 10/05/09 05:10 PM

double post. Please see answer in other forum in which this is posted.