Joint intent, which is required by Regulation B, is one of those requirements that many loan officers believe isn’t that big of a deal. But, it is. It helps prove you are aren’t coercing or requiring people to become obligated on loans. You need to document applicants’ intent to apply jointly at the time of application. How does your bank do that? Signatures on an application, checkboxes, a separate form verbally or maybe a combination of these? The good news is you do have options!
Click on the video to hear David explain more when it comes to joint intent compliance:
If you’d like to learn more about Joint Intent requirements or just need a refresher, be sure to check out our webinar, “Regulation B – Joint Intent”, which is available now OnDemand.
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