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Examples for Statement of Credit Denial/Changes

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Question: 
On the Statement of Credit denial, termination, or change. Part I- Section- E. (other) What does this mean: "we do not grant credit to any applicant on the terms and conditions you have requested." Could you please give some examples?
Answer: 

A person requests a 50 year mortgage, a 10 year auto loan, an interest only loan secured by a boat, an interest rate of 2%, etc.

First published on BankersOnline.com 5/27/13

First published on 05/27/2013

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