Posted By: liventhedream
Fair Housing Act - 06/24/14 08:54 PM
Under the Fair Housing Act it states:
(c) Additional information required in the loan file. In addition to the information required by ยง27.3(b), each bank shall maintain the following information in each of its home loan files:
(2) Disposition of loan application. The disposition of the completed applications using the following categories:
(i) Withdrawn before terms were offered;
(ii) Withdrawn after terms were offered;
(iii) Denied;
(iv) Terms offered and accepted by applicant(s).
How are others documenting this disposition?
(c) Additional information required in the loan file. In addition to the information required by ยง27.3(b), each bank shall maintain the following information in each of its home loan files:
(2) Disposition of loan application. The disposition of the completed applications using the following categories:
(i) Withdrawn before terms were offered;
(ii) Withdrawn after terms were offered;
(iii) Denied;
(iv) Terms offered and accepted by applicant(s).
How are others documenting this disposition?