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Documenting Joint Intent

Recorded on October 05, 2016

The intent of applicants to apply for credit jointly is often something that lenders assume or take for granted. However, in the case of joint intent, even seemingly innocent assumptions can get your financial institution into a lot of hot water. Erroneous assumptions regarding joint intent can lead to claims of illegal discrimination under the Equal Credit Opportunity Act (Regulation B). Your lenders must make an actual determination that intent to apply jointly exists and must then properly document that joint intent. Join BOL Guru David Dickinson to learn the who, what, when, where and how of documenting an applicant's intent to be a joint applicant.

You will also learn when you can and cannot require someone to sign a loan contract according to regulatory requirements.

Regulation B requires that you affirmatively document an applicant's intent to apply for joint credit. David will immerse you in this topic by analyzing many real life examples.

Webinar Reviews: 

very good, it's what I needed to understand so that I can speak to the reg. phamm

Excellent - SFBankStLouis

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