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Getting ChexSystems Report on Authorized Signers

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Question: 
Is it OK to pull a ChexSystem report on the authorized signers for a corporation or LLC? Can we deny putting on a signer, or can we not?
Answer: 

You would have to have written permission, as unless the authorized signer was going to be directly liable on the account, you do not have a permissible purpose to pull a credit report.

First published on BankersOnline.com 2/28/11

First published on 02/28/2011

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