Regulation B: Everyone Gets a Piece of Paper

When it comes to taking adverse action under Regulation B we like to say, “everyone gets a piece of paper”.  For instance, if you approve an applicant’s request, they will get a loan (a piece of paper).  If you deny an applicant’s request, they will get a denial notice (a piece of paper).  But what about if you make the applicant a counteroffer, or need more information before you can make a decision, or say the applicant withdraws?


Listen to the video as Dave explains more.


This is exactly the sort of thing we will be covering in our “Loan Denials & Other Adverse Action Notices” webinar on June 18, 2019.  We are going to get into the weeds on all kinds of different scenarios so that you have a full understanding.  Best of all we will take this complicated area and spell it out for you in plain English!


Register NOW!


Dave Dickinson


Have you seen all our free lending tools? Find them here – https://store.bankerscompliance.com/link/LendingFD

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