FCRA 609(g) & Other Disclosures

Posted By: Cheli

FCRA 609(g) & Other Disclosures - 10/25/13 03:34 PM

Good morning!

I have Loan Officers asking if it OK to send the Disclosure of Credit Scores FCRA section 609(g)to their borrower with the other, initial loan disclosures required under the other regulations; when there is only 1 applicant? I have always had them send 1 mailer, with private envelops for the disclosure that includes the "Credit Score and Understanding Your Credit Score, Notice to Home Loan Applicant and Key Factors." (If they are at the same address) - Can I allow the LO's to mail the initial loan disclosures and the credit disclosures listed above, together without a separate envelope, if there is only one applicant?

Thoughts? I can't find anything that addresses this specifically. (??)

Thank you-
Posted By: rlcarey

Re: FCRA 609(g) & Other Disclosures - 10/25/13 03:40 PM

There is no requirement that any of these disclosures are to be mailed separately, if that is what you are asking.
Posted By: Cheli

Re: FCRA 609(g) & Other Disclosures - 10/25/13 05:40 PM

Yes- I can send all disclosures together without separating the credit disclosures for privacy purposes?
Posted By: rlcarey

Re: FCRA 609(g) & Other Disclosures - 10/25/13 05:44 PM

privacy purposes

I'm confused, I thought there was only one applicant. What privacy concerns??