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Do we need an application for this loan?

Answered by: 

Question: 
If a bank is giving an unsecured installment loan for the purpose of purchasing a home, does the borrower need to fill out a Uniform Residential Loan Application or a Personal Financial Statement?
Answer: 

Not under Federal regulations.



First published on BankersOnline.com 7/18/05

First published on 07/18/2005

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