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Loan amount—preapproval request denied. What loan amount should be entered if a preapproval request is denied?

April 26, 2017Denied loan preapproval request

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Loan amount—preapproval request denied. What loan amount should be entered if a preapproval request is denied?

1 Answer

0

10 Posted

If the applicant requested approval for a specific loan amount, enter that amount. If the applicant did not request approval for a specific amount, enter ‘1’ (for $1,000).