Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do licensees need to keep a copy of the loan application in adverse action files?

0
Posted

Do licensees need to keep a copy of the loan application in adverse action files?

0

Short answer, yes. The licensee may keep a short application for those situations that do not require a complete residential loan application. The short application must identify, by legible signature, the loan originator; in addition, it must show the date the application was accepted.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123