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?
Can fair lending violations be expensive?
What are the impacts of fair lending violations?
Do weblinking rules apply if a business has a link to us, and are we required to monitor this?
What are the most recent “hot spots” for fair lending issues?
Who should receive fair lending training?
What is the “one-click away” rule for electronic advertisements?
If credit is denied because of issues related to only one applicant, for example a charge-off, can we disclose that reason to both applicants, and do both applicants get an Adverse Action Notice?
Has there been a case where a lender tried so hard to assist minority applicants that it had a fair lending issue with majority applicants?
Our lender had a request for a reverse mortgage. He provided an Adverse Action Notice, but did he have to, since we don’t offer reverse mortgage loans?