Joint Application denial

Posted By: Cale_N_Oats

Joint Application denial - 08/20/12 03:43 PM

Brain [censored] commencing.

We have a joint app and only the primary applicants credit history is contributing to the denial and not the co-applicant. Can/should we send a denial to the co-applicant stating the same reasons for denial as the primary applicant?

I thought I had read that there were some privacy issues with this at first but it was deemed to be acceptable via commentary from regulators.
Posted By: swiggles

Re: Joint Application denial - 08/20/12 03:45 PM

The reasons for denial (Under Reg B) should be the same on both notfications. But only the applicant with carpy credit should receive the FCRA notification and credit score information disclosure.
Posted By: Cale_N_Oats

Re: Joint Application denial - 08/20/12 03:56 PM

Ah, I see,makes sense. Thanks for your help!