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Denying Credit Based on Past Bankruptcy

Answered by: 

Question: 
Can you deny an individual credit solely or partly because of past bankruptcy?
Answer: 

Yes. You can develop your own credit underwriting criteria to include what ever factors you wish, as long as they do not discriminate against an applicant(s) on a prohibited basis as found in Regulation B or the Fair Housing Act.

First published on BankersOnline.com 2/13/06

First published on 02/13/2006

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Filed under lending as: 

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