Applicants for Joint Intent

A common area of confusion when it comes to the joint intent rules, is “who” is an applicant. 

Regulation B defines an “applicant” as any person who requests or who has received an extension of credit from a creditor, and includes any person who is or may become contractually liable regarding an extension of credit.

For purposes of…signatures under this section…, the term includes guarantors, sureties, endorsers, and similar parties.  To put it simply, an applicant is anyone who is or will be contractually liable but there are some ifs, ands, and buts. 

David explains more in the video

Be sure to JOIN US for our webinar, “Regulation B-Joint Intent”. 


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