Can you confirm joint intent must be collected at application and not at the time of a completed application?
I am looking for regulation that allows a creditor to obtain credit scores for existing customers to use for monitoring and tracking purposes, or restricts such purpose. For example, quarterly tracking of a customer's credit score to detect any deterioration that may also then be used for adverse action on a consumer line of credit such as suspending the line. Another example is to track improvement of credit scores where the creditor has granted consumer a loan for the purposes of credit repair or establishing a credit history.
If you do a preapproval/prequalification where you have five pieces of information (not the property location) and the customer is approved for an amount but the customer never comes back to the bank, what is the proper procedure?
If there is a fraud alert on the consumer credit report, is the creditor required to attempt to contact the consumer at the phone number on the fraud alert message, or can the creditor just decline the application and not bother with trying to contact the consumer?
Our original Loan Estimate shows the loan as construction but it was in fact a refinance. Is this correctable on a revised Loan Estimate?
We mailed the borrower’s Loan Estimate and they emailed us that it was received and they want to proceed with the loan. Can we act on this emailed notice?
When will FEMA’s Standard Flood Hazard Determination Form be updated?
We are going to finance the purchase of a mobile home. Would this be HMDA reportable?
Is there a difference between a manufactured home, and a "pre-cut, tilt-wall" or "panel" home?
With an online loan application, can the applicant authorize the credit report check of a co-applicant?