Posted By: Many Hats
Notice to Co-signer at application - 07/14/08 07:05 PM
Auditors are asking us for a copy of our "Notice to Co-signers" that would be given to co-signers at application.
We really don't do these kinds of loans...we would require they be a co-applicant.
I am being told that we have to have this notice, in the event that we take an application and they mark the additional applicant as a co-signer.
But again, we don't do these types of loans, so can we just say, sorry we don't have one?
We really don't do these kinds of loans...we would require they be a co-applicant.
I am being told that we have to have this notice, in the event that we take an application and they mark the additional applicant as a co-signer.
But again, we don't do these types of loans, so can we just say, sorry we don't have one?