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FACTA Notice to Home Loan Applicant

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Question: 
Regarding FACTA Notice to Home Loan Applicant, if the bank does not pull a new credit report on a request to refinance an existing mortgage (or consumer loan secured by a 1-4 family residental property) do we need to issue the Notice to Home Applicant?
Answer: 

If you used the previously obtained credit report (score) in your credit decision for the refinancing transaction, yes. The date of the credit score used is one of the required disclosures in the notice.

First published on BankersOnline.com 4/16/07

First published on 04/16/2007

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